Tax Notes
January 6, 2009
Rules on Change of Status
1. If the taxpayer dies during the taxable year, his death shall not affect the amount of personal and additional exemptions his estate may claim. It is as if he died at the end of such year;
2. If the taxpayer marries or should have additional dependents during the taxable year, he may claim the personal exemption of a married individual for such year.
3. If the spouse dies or any of the dependents dies or becomes 21 years of age, or gets gainfully employed during the taxable year, the taxpayer may still clain the same exemption as if the change occurred at the end of the year.
January 6, 2009
Rules on Change of Status
1. If the taxpayer dies during the taxable year, his death shall not affect the amount of personal and additional exemptions his estate may claim. It is as if he died at the end of such year;
2. If the taxpayer marries or should have additional dependents during the taxable year, he may claim the personal exemption of a married individual for such year.
3. If the spouse dies or any of the dependents dies or becomes 21 years of age, or gets gainfully employed during the taxable year, the taxpayer may still clain the same exemption as if the change occurred at the end of the year.
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