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Question for the Money Doctors

Question submitted on Apr 8, 2014.

Question

My son graduated in May. He is 24. He lives at home and is supported by us.
he became employed in September and earned approx. $7000. The way I read the 1040 instructions, I cannot claim him as a dependent since he earned over $3900. Is this correct? It doesn't seem logical-who could live on $3900?

Answer


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