If my parents claim me on taxes, does that hurt my refund?

Question

I don't live w/ my parents anymore but I did for 9 months of last year. My mom wants to claim me (like she has every year before I've moved out). Does having my parents claim me on their taxes hurt the refund that I would get? Would I get more if they didn't claim me?

I'm 21 and I made about $15,000 last year.

Answer 1

Yeah, it will take a LARGE chunk out of your refund. My mother did that to me and out of the $600 I was expecting to get back, it cut it down to about $250. There's not a lot to stop her from claiming you. But maybe she'll share some of her refund with you.

Answer 2

With an income of $15,000, yes, being claimed as a dependent would lower your refund.

But if your parents have the legal right to claim you, you don't get to decide whether they do or not. Were you a full-time student for at least five months of 2006? If not, then they can't claim you even if they did support you for most of the year. If you were a student for at least five months, and you didn't provide over half of your own support for the year, then they can claim you.

Your refund might be reduced by as much as $500. If you lived with them for 9 months, I'm guessing they spent a lot more than that supporting you.

Answer 3

if your parents claim you on theirs then it will hurt you. Plus the only way that they can claim you if they provided more than half of your support for the entire year. If you provided more than half of your own support then you can claim your self. Also when you do your taxes form 1040 will ask you if you can be claimed as a dependent for 2006.

Answer 4

You cannot claim yourself if your parents claim you. Since they provided your living for more than half of last year, they have that right.

You may or may not get more, depends on what your income was. However almost certainly your parents will receive a far bigger break on their taxes from claiming you, then you would receive.

Answer 5

Tax female ran some numbers for you. without childrens or unusual scientific expenses, at your income point, your taxes would be on the subject of the comparable regardless of in spite of in case you record as Married submitting mutually (MFJ) or Married submitting one after the different (MFS). in case you don't get married, you may the two record as single. Your tax bill could be $265 after tax credit, and your fiance could be due a $35 refund. In the two cases, if the two of you have any federal taxes withheld, they could be utilized to the quantities. In different words, in case you have have $500 withheld, then you certainly could have an overpayment of $235. in the experience that your fiance has $3 hundred withheld, then his overpayment could be $335. the internet tax of $230 is you do not marry and each record as single is the comparable as your joint tax bill could be in case you probably did get married and filed as the two MFS or MFJ. prevalent, you will save income case you get married. the way you ask? Your taxes may be the comparable, yet once you record a joint return, you will purely pay for one tax return to be arranged, not 2. considering which you probably did not point out your state, I disregarded that concern. there could be a small difference because of the state taxes. precis: do not use taxes to come to a decision once you get married. short lecture: You and your fiance ought to evaluate college or a commerce training. Your income is somewhat low for 2009. The final time I made that little (different than once I went returned to college for a grasp's degree) exchange into interior the mid-Nineteen Eighteen Eighties once I lived in crucial Pennsylvania. solid luck to you the two. Gary

Answer 6

you are too old to be claimed under the child credit (17 years of age or younger) the only way she can claim you is if she can prove that she paid more than half your support on expenses, so if you spend 15 grand on your needs, she will need to have spent 15,001 dollars. if she does claim you, the only deduction you can claim is the 800 dollars to reduce your tax liability. i think you made way too much money to be claimed as a dependent, so see H&R block and ask (my 18 year old brother lives at home, and he makes too much for my parents to claim according to their C.P.A

Answer 7

Yes. You will not be able to file as an independent. You will instead be a dependent. If your parents file you on their tax returns, your refund will be lower.

Answer 8

your exemption when claimed as dependent is $850, when filing single its 3,300. it all depends how much income and withholding you had, dont expect the difference to be significant if youre income is low <7550, your income would be negative and you would get refund back. There are many variables such as if you are over 24, student, income, ect.

you should consult with your parents and their tax advisor.

Answer 9

It depends--your age, whether you're a student, how much income you had in 2006 and how long you lived with them in 2006 (you've already told us that). Go to www.irs.gov and type in the search terms exemptions for dependents.

Answer 10

If it is legal for your parents to claim you on their return, you can't claim yourself, even if they don't. See page 19 of the instructions for the 1040 to determine who is entitled to claim you.