If she does this (claim me and claims head of household) can i still d it? I made only $3,500 in 2006 and i am a student (i am 17). So shouldn't i be able to file and get most, if not all my money black (of coarse not SS). I was just wondering bc she is worried that it will mess up her taxes. If u answer please link me so i can be sure.
2007-01-23 10:15:03 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You most certainly can. There is a place on the taxes to put that you can be claimed as a dependent for someone else. I don't know where on the form it is as I use tax software, but my software asks that question. When my oldest son was a teen and worked and lived at home, I claimed him and he also filed his own taxes and would get everything back that he paid in. It never affected my taxes at all.
2007-01-23 10:25:59 · answer #1 · answered by Hotsauce 4 · 1⤊ 0⤋
Yes, you can file, and no, it won't hurt your mom's taxes or refund.
File and on your form note that you are a dependent. If you file a 1040EZ, which you probably will, there's a check box to say you are a dependent. You won't get a personal exemption, your mom gets that for you, but you do still get a standard deduction of $5150. Since you made less than that, you should get back anything that was withheld for federal income tax.
Depending on where you live, you might also have to file a state return.
Read the rules in the 1040 instructions on dependents.
2007-01-23 15:19:47 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Your parents cannot file as HoH assuming that they are married and living together. They can file Married, Filing Jointly or Married, Filing Separately. But that's not a matter of concern for you.
If you are living with only one parent, that parent might be able to file HoH but again it's not a matter of your concern.
If you are claimed as a dependent on your parents' tax return, you lose your personal exemption. That will cost you a bit in taxes, but only if your income is greater than $5,150 in 2006. Since your income is less than that there are no tax consequences to you by your parents claiming you as a dependent.
You'll only need to file a return if you had income taxes withheld from your wages. When you file your return, make sure that you check the box that states "I can be claimed as a dependent on someone else's return" (or wording close to that) and just complete the return. If no income taxes were withheld from your wages, you don't even need to file a return.
2007-01-23 10:48:20 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes you can file. You won't get the full "standard" deduction, since that's going to your mom. And she's getting far more benefit from it than you could, so go along with it. But you should be able to get some of your money back.
go to http://www.irs.gov and print off the 1040EZ form and instructions. Grab your W-2 and a pencil and take 5 minutes to complete it.
2007-01-23 10:19:47 · answer #4 · answered by Anonymous · 1⤊ 0⤋
first you should claim student exempt on your W4, so they don't take much federal tax from your check. Technically, you have to check the income threshold. $3500 seems to be below the amount, and you are still a dependent, so your mom WILL claim you and you may get back $75 as well. Get turbo tax or some other software. do not waste $200 bucks at liberty or some other tax rip-off to find this out and get a quick check.
2007-01-23 10:24:17 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Yes, you would want to file your own tax return to get back any taxes you paid in. It won't mess her up as long as the preparer marks that you are a dependant on another tax return.
2007-01-23 10:21:06 · answer #6 · answered by Mrs Tax Lady 1 · 1⤊ 0⤋
motor vehicle costs do no longer count selection. purely the fees of preserving up the abode count selection. lease and electric do count selection. you have paid over a million/2 of the whole costs (on your case, the lease on my own is over a million/2 of the whole costs of preserving up the family contributors), so as that requirement is happy. there is no requirement to have toddlers. although, there's a call for that 2 contributors of the family contributors be living at the same time with out violating community regulation. If there's a community regulation that prohibits single couples from living at the same time, then you definitely do no longer qualify, till there is yet another family contributors member who lives with you with out violating the regulation. (working example, in case you had a new child and the community regulation did no longer limit you and your new child from living at the same time.)
2016-11-01 02:50:27 · answer #7 · answered by ? 4 · 0⤊ 0⤋