I am a full time student who is 19 years old, and my aunt claimed me. how much does she get for me?
2007-02-06 06:52:27 · 4 answers · asked by laurantprsnl 1 in Business & Finance ➔ Taxes ➔ United States
Depends upon her income.
2007-02-06 06:55:22 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
She would get an exemption of $3300 subtracted off her taxes. This could actually save her anywhere from zero up to over $1000 if she has a very high income. It's more likely saving her around $500 or maybe less.
If she's paying over half of your support, which she would have to in order to claim you, you're getting a bargain, since $500 wouldn't cover that.
2007-02-06 07:30:42 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
I assume this means you are a qualified relative. The rules for qualified relatives are strict and have changed recently, so you may want to check that. I think the deduction for each dependent is $3300. This means she reduced her taxable income by $3300. How much, if anything, she saved in taxes depends upon her income.
2007-02-06 07:00:08 · answer #3 · answered by rosekm 3 · 0⤊ 0⤋
it depends on the claiming amount.
if u adopt a best tax deduction thechniques u can get good benefits
go through the following sites which will help u alot
2007-02-09 21:57:23 · answer #4 · answered by rachel c 1 · 0⤊ 1⤋