I'm 21, have a full time job, but am still living at home. Thanks!
2007-02-12 10:46:58 · 4 answers · asked by Mallory 2 in Business & Finance ➔ Taxes ➔ United States
If you were not a full time student for at least 5 months of 2006, then you can't be claimed as a dependent for that year. If you were, and you didn't provide more than half of your own support, then you can be. There is a worksheet on page 32 of IRS Publication 17 (download it at irs.gov) for calculating support to see who is paying how much of your support, you or your parents.
I am assuming that with a full-time job, you made over $3300 for the year. If you didn't, then your parents might still be able to claim you even if you weren't a student.
2007-02-12 13:40:08 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
To be claimed as a dependent, you must have lived at home for all of 2006, earned less than $3,300 in gross income, and been dependent upon your parents for more than half of your support.
If you had a full-time job for much of 2006, you would almost certainly have earned over $3,300 and therefore can not be claimed as a dependent by your parents any more.
2007-02-12 19:05:18 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
If you parents provided at least 50% of your support, yes you can. However, it will make your taxes higher because you get less of a deduction on your own return.
For more info, go to the website I list as my source.
2007-02-12 18:51:29 · answer #3 · answered by LC 2 · 0⤊ 3⤋
No.
2007-02-12 18:51:42 · answer #4 · answered by regerugged 7 · 0⤊ 2⤋