lets say someone isnt eligible for stimulus due to income. can someone claim them as dependents for the year to get stimulus?
Nerdy: My girlfriend makes in excess of $75,000 and filed her own taxes last year, but now I’m claiming her as a dependent even though there have been no changes
IRS: seems legit, no audit here
lol what if its my sister’s kid. all im saying is, is it legal! sheesh!
but on a side note, if a tree falls in an empty forest and nobody hears it, does it make a sound?
also here’s some stats on audit rates.
https://www.nolo.com/legal-encyclopedia/what-are-the-odds-being-audited.html
| Adjusted Gross Income | 2018 Audit Rate |
|---|---|
| 0 | 2.04% |
| $1- $25,000 | 0.69% |
| $25,000-$50,000 | 0.48% |
| $50,000-$75,000 | 0.54% |
| $75,000-$100,000 | 0.45% |
| $100,000-$200,000 | 0.44% |
| $200,000-$500,000 | 0.53% |
| $500,000-$1,000,000 | 1.10% |
| 1,000,000-$5,000,000 | 2.21% |
| $5,000,000-$10,000,000 | 4.21% |
| over $10,000,000 | 6.66% |
Short version - ^This.
…
Long version:
If you’re asking if you can take the “Credit for Other Dependents” (COD), then:
They either have to :
- Be a relative (defined as one of your grandparent’s decendants), and you pay for more than 1/2 of their support, or
- Live with you, and you provide more than 1/2 of their support
By definition, this person makes at least $75k. That means (by definition) that you are kicking in another $75k to support them. This may not be outside the realm of possibility, but you better keep some pretty darn good support for the inevitable IRS audit that’s going to come.
…
And whether or not you get the COD --he still needs to file his own tax return, which will disqualify him from getting the stimulus. Unless, of course, you can get “creative” and add his income to yours, which will certainly have an unfavorable result. Even if you can go through the machinations of making it legal, it will still cost you, tax-wise. (EG - You’ll pay an extra $5000 in tax to get a $1400 stimulus check.)
No matter how you look at it, it’s a bad idea. Like, a very very very bad idea. (A lot of hassle for $1400.)
(note for PC sake - Since I am male, I tend to use male pronouns unless there’s a good reason not to. If you don’t like it, get over it. “Got an issue? Here’s a tissue.”)
my man… allright i gotta file taxes soon. fack fack fack fack/