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    jamesdescoteau's Avatar
    jamesdescoteau Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 6, 2008, 04:46 PM
    Claiming my parents
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Nov 7, 2008, 08:37 AM
    I agree with MukatA.

    The 401K disbursement will probably make them ineligible to be claimed as your dependents.
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