View Full Version : Claiming my parents
jamesdescoteau
Nov 6, 2008, 04:46 PM
I need to know if I can claim my parents on this years taxes? They spoke to an H&R Block rep, and the rep said they don't have to file taxes. All they have is Social Security and their 401K.:confused:
MukatA
Nov 7, 2008, 12:44 AM
You can claim your parents if they are U.S. person, you provided more than half of their support and they (each one) did not earn more than $3500 in 2008.
401K disbursement is income.
AtlantaTaxExpert
Nov 7, 2008, 08:37 AM
I agree with MukatA.
The 401K disbursement will probably make them ineligible to be claimed as your dependents.