Questions on claiming my two adult children for 2014 I am 61 and work for a govt. contractor. They provide medical coverage for qualified members of my family through UHC. I have two unemployed adult sons. one is 24, hasn't worked all year. He will likely be living with us, and wholly dependent on me, all year. He has medical coverage through my employer, at least for a little while longer. He is not going to school. The other son is age 27, has been dropped from my company insurance for a year. He worked until late in June of this year, and then was terminated. Wouldn't surprise me if he does not find employment for the rest of this year. He is married, he and his wife and their two young kids have lived with us since mid-2013. His wife had a min. wage job, but is not working as of 8-01. Neither he nor his wife will be attending school this year either. Since she had a job for 7 months of this year, I guess I cannot claim her as an exemption. So I have those three adults wholly dependent on me, and the older son has two children---my grandchildren--- that are also living with me, and are also wholly dependent on me for all of this year.
So I am thinking I have the two sons, although of adult age, and my two grand-kids as exemptions, plus myself and my wife. Total of 6.
I have heard that sometime soon----2014 tax returns?---everyone will have to furnish proof of acceptable medical insurance coverage for all dependents. This is not a problem for the younger son, but I have no financial ability to provide medical coverage for the older son and his wife, and they do not qualify for medicaid (their two kids do, however). So older son and wife have none. So if I must provide proof of med. coverage for the older son if I claim him as a dependent/exemption, I am screwed. I guess I would then be liable for the fine. Opinion? Advice? Thanks |