English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

if yes then does that mean you dont get anything back or is it possible the accountant messed up or I earned too much this year. I feel like i'm being ripped off and lied too. or scamed..

2007-02-22 14:42:44 · 8 answers · asked by Ashley L 1 in Business & Finance Taxes United States

8 answers

Only if you are supporting them until they graduate high school legally.

2007-02-22 14:50:20 · answer #1 · answered by david 4 · 0 1

You must have lived with them for more than half of the year and they must have provided more than half of your support for the year to claim you as a dependent. If you've only been living out of the house for 6 months now, you lived with them for more than 6 months in 2006 and they can probably still claim your for 2006.

When they claim you, you lose your personal exemption. That will increase your taxes somewhat -- usually around $300 - $500 total, depending upon your income.

2007-02-22 15:53:01 · answer #2 · answered by Bostonian In MO 7 · 0 0

If you provided over half of your own support in 2006, then you cannot be claimed as a dependent. Given your question, it appears that you did not provide over half of your own support. It is likely that your parents will be able to claim you as a dependent.

You may still get a tax refund. For 2006, you will file single with no exemptions. As long as your income is less than $5,150 from wages, you will get all your withholding back.

In 2007, when you are 19, if you are not a student and your parents did not provide over half of your support, then your parents cannot claim you.

2007-02-22 20:50:22 · answer #3 · answered by ninasgramma 7 · 0 0

If they provided greater than 50% of your expenses for the year, they can claim you. However, that does not mean you don't get anything back. You will notice you lose a deduction, because your parents can claim you. You will still receive the standard deduction, however. You still need to file (assuming you meet the requirements to have to file), though, could still receive a refund.

**I noticed some people are giving this a bad rating. If you don't believe this to be true, look it up in the 1040 instructions. This is pretty basic and no room for interpretation. It has to do with whether they provided over 50% of your support (expenses) for the 2006 year. Don't give bad ratings and screw with the asker's information if you don't have any idea what you are talking about. This makes me sick.

2007-02-22 14:56:41 · answer #4 · answered by jkersman01 3 · 0 2

Six months exactly, or approximately. If you lived with your parents for over half the year (even one day over) and you didn't provide over half of your own support for the year, then they can claim you. And if you made under $3300 for the year AND they provided over half of your support for the year, they can claim you. Otherwise, no.

To determine whether you get anything back, you figure what your total tax bill is for the year, then compare it to what you had withheld for federal income taxes. If you had more withheld than your total tax bill, then you get the extra refunded to you. If your tax bill is higher than your withholding, then you owe. Either of these can happen whether you are a dependent or not.

2007-02-24 16:30:32 · answer #5 · answered by Judy 7 · 0 0

You must have lived with them for more than half of the year except for qualified absenses such as school. They must have also provided more than half of your support. This has nothing to do with how much you made. Its how much you spent on your own support. If you saved everything you made and spent nothing on your own support, and they provided all of it, then that meets the support test for them to claim you as a dependent. Claiming someone as a dependent is not a choice. Either they meet all the tests and they claim the dependent, or they dont meet one or more of the tests and they cant claim the dependent.

2007-02-22 15:42:24 · answer #6 · answered by jeff410 7 · 1 0

They would have to show that they contributed over half of your support. (More than you earned). If they can and do claim you, you file using 0 dependants.

2007-02-22 14:54:02 · answer #7 · answered by Zeke 3 · 0 2

the answer is yes, they can clm as dep/exemption

2007-02-22 14:59:17 · answer #8 · answered by can u c me ? 1 · 0 1

fedest.com, questions and answers