There’s an increase in the standard deduction for the blind and aged for 2017. So, if any company or organization calls claiming you have unpaid taxes, DO NOT respond to these unsolicited calls.Īn adjustment increase of $50 on the standard deduction of heads of households is done by the IRS in the 2017 tax year. Do not respond to these calls as the IRS will typically send letters or notices via U.S. UPDATE: Recently we have learned of instances where consumers are also getting automated calls regarding “unpaid taxes”. There are special circumstances when they may reach out via phone regarding overdue tax bills or delinquencies, but almost always only after they’ve already sent a letter first. The IRS initiates most contacts with taxpayers through regular mail delivered by the U.S. does not make these automated calls to consumers and it is our policy not to engage in this form of marketing.If you have received such a call, please let us know by emailing so that we may report this unauthorized activity.Īdditionally, the IRS does not use email, text messages or social media to discuss tax debts or refunds with taxpayers.
IRSS STANDARD DEDUCTION 2017 PROFESSIONAL
We advise all taxpayers to consult a professional tax advisor regarding their own specific tax needs.We have recently become aware of companies and/or organizations who are calling people using the generic name "Tax Relief Center" for their phone solicitation activities.
IRS interactive tool “ Who Can I Claim as a Dependent?“Īs a general disclaimer, the information provided above is very general and broad in nature, is not represented as complete, and may not apply to taxpayers’ individual situations. IRSs Publication 501 ‘Exemptions, Standard Deduction, and Filing Information’. See worksheet 2 on page 16 of the IRS’s Publication 501 ‘Exemptions, Standard Deduction, and Filing Information’ to assist you with determining who has provided over one-half of the student’s total support.įor other scenarios, see this IRS tool to help determine if you may claim someone as a dependent. You may be able to claim your child as long as you spent more than $2,000 for his total support. Of the $10,000, let’s assume that $8,000 was placed into a savings account and $2,000 was used for his support. He has a part-time job and received taxable income of $10,000. If these amounts were not spent on their support, they do not count toward the one-half total support test.Įxample – Your child, a full-time student under the age of 24, lives away from home. In the case of your student child, this may apply to income received, amounts borrowed, and amounts in savings and other accounts. Survivors’ and Dependents’ Educational Assistance payments used for the support of the child who receives them.Ī person’s own funds are not support unless actually spent for support. Scholarships received by your child if your child is a student ( taxable scholarships are included in the child’s gross income and considered earned income). Social security and Medicare taxes paid by persons from their own income. 
Federal, state, and local income taxes paid by persons from their own income. The following items are not included in total support: Capital items (furniture, appliances, and cars) purchased. 
Lodging (if providing lodging rent free, the fair market value of rent). Medical insurance premiums and medical and dental care. Amounts received under the GI Bill for tuition payments and allowances. The following items are included in total support: Is your child a student under the age of 24? Does your child not live at home? You may still be able to claim him or her as a dependent if you provided over one-half of their total support in a given year. Dependents from a Tax Perspective: What is “Total Support”? Posted Jun 03, 2015
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