I am a college student who during summer and part time jobs made around $7000 my mom who is working part time also made around $10000. She was going to claim me as a dependant which I am but I still want to claim myself is this possible?
2007-01-18 11:44:06 · 7 answers · asked by cardenas_ciro 1 in Business & Finance ➔ Taxes ➔ United States
So I would be able to file also just not as my own dependant.
2007-01-18 15:35:23 · update #1
If you provided more than half of your own support for the year, then your mom can't claim you, and you can claim yourself. If you didn't provide more than half of your own support, then she can claim you and you'd file your return and check the box that says you're a dependent - you would not get an exemption for yourself, but would get a standard deduction.
The same person can't be claimed for an exemption on multiple returns.
2007-01-18 14:29:00 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
If you can be claimed by your mother, let her claim you. According to tax code, if someone else CAN claim you as a dependent, then you cannot take the personal exemption yourself. You could still take a standard deduction for dependents. Also, check out the Hope, or Lifetime Learning Credits.
2007-01-19 00:02:36 · answer #2 · answered by anr 3 · 0⤊ 0⤋
No, only one person can claim any dependent. You have to look at the effect on each of your returns and file accordingly. If she supported you, she is entitled to claim you until you are 23 I think as long as you are a full time student.
2007-01-18 15:09:50 · answer #3 · answered by irongrama 6 · 0⤊ 0⤋
The person who covered "most" of your living expenses should claim you as a dependent. So list up the cost of your food, housing, transportation, entertainment, utilities, phone, school, etc, and whoever paid the majority of it is the one that gets the deduction for the dependent. That would be the fair way, and the IRS technically correct way, I believe.
2007-01-18 12:03:21 · answer #4 · answered by marshwiggle 3 · 0⤊ 0⤋
As you are one person, you can only be claimed once. You and your mom will have to figure out who will get the greatest tax benefit of claiming you as a dependent.
2007-01-18 11:50:05 · answer #5 · answered by CPA 2 · 1⤊ 0⤋
You will file a joint tax return unless you have reason to file married filing separate. Your children will be your dependents on your tax return showing the married joint tax status. Yes you can file a joint return if you have no income. No problem.
2016-05-24 05:06:07 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Definitely a question for the IRS people.
2007-01-18 11:49:36 · answer #7 · answered by Living In Korea 7 · 0⤊ 2⤋