Submitted By: George
Answered: June 29, 2015 9:08 am

My son enlisted in the Marines after high school and is stationed overseas. Can I claim him as my dependent?

Probably not. Once a child is 19 years or older and not a full-time student, then he/she is not a dependent unless gross income is below the exemption amount ($3,950 for 2014; $4,000 for 2015) and other tests are met. A dependency exemption can be claimed if the child is under age 19 by year end and does not provide more than half of his/her support for the year (regardless of the child’s gross income); military service is viewed as a temporary absence from the home.

Tax Glossary

Investment in the contract

The total cost investment in an annuity. When annuity payments are made, the portion allocable to the cost investment is tax free.

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