OK, I know this is very general, but maybe someone could give me a general estimate. On my 2005 taxes I filed single, was claimed as a dependent (I claimed 0) , made about 12k, no deductions, as part-time student. I got a $40 refund. This year I everything will stay the same except I'll file as a full-time student, and made about 14k. Will I end up oweing this time around if I still claim 0? If I claim myself, that will definately up my refund, correct?
2007-03-01 14:48:19 · 2 answers · asked by ? 2 in Business & Finance ➔ Taxes ➔ United States
If you get a refund, you should get more, If no one else claimed you as a dependent !!
2007-03-01 16:43:54 · answer #1 · answered by musicman 5 · 0⤊ 1⤋
There's no such thing as filing as a "full time student." You will file as single with someone claiming you as a dependent. Exactly the same as you did last year. It doesn't matter if you're a full time or a part time student to the IRS. If your income situation stays the same (except you made a little more money) you will get a higher refund this year as standard deduction is higher for 2006.
2007-03-03 21:54:02 · answer #2 · answered by KillerKat 3 · 0⤊ 0⤋