As long as you aren't providing over half of your own support, your parents can claim you as a dependent until the year when you turn 19.
That year through the year you turn 23, they can claim you if you are a full-time student for at least five months out of the calendar year, as long as you aren't providing over half of your own support. During these years, if you are NOT a student, they can only claim you if they are providing over half of your total support, and you are making less than a limit which for 2006 was $3300.
The year you turn 24, and after that, they can only claim you if they are providing over half of your support, AND if your total income for the year is below a set amount. This is whether you're in school or not. For 2006, that amount was $3300 - the limit goes up a little every year.
If your parents are eligible to claim you for a particular year, but are divorced, then only one of them can claim you for any year, although it doesn't have to be the same parent each year. The parent with the right to claim you is the parent you live with for the greater part of the year, unless there is a court order saying that the other parent, the one you don't live with, can claim you, or the parent you do live with signs a paper allowing the other parent to claim you. This is true whether the other parent is paying money to support you or not.
2007-03-03 02:30:17
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answer #1
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answered by Judy 7
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As long as you are a full-time student and are UNDER age 24 your parents can claim you as a dependent as long as they provided more than half of your support. Your income isn't a factor in this.
If your parents are divorced, the exemption normally goes to the custodial parent. The custodial parent is defined as the one that you lived with for the majority of the year.
There are exceptions to the rule on the custodial parent but this isn't a matter of concern for you. If either of your parents is entitled to claim you as a dependent, you lose your personal exemption even if NEITHER of them actually claims the exemption.
You are ALWAYS required to file a tax return yourself if your income exceeds the minimum taxable income amount. For tax year 2006, that is $5,150 if you can be claimed as a dependent on one of your parent's tax returns. If you earned less than that, you only would need to file a return yourself if you had income taxes withheld from your wages and wanted to get a refund of the taxes that were withheld.
2007-03-02 04:49:05
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answer #2
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answered by Bostonian In MO 7
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As long as you're a student but I think the cut off is 23 years old. Then once you leave your parents domain and you get a job, that's when you can start filing your own taxes. As far as your written question regarding the divorce and your parents not helping you, that's a whole other ball of wax! I would speak to an attorney or at least a paralegal just to see if your rights to your tax money is being taken from you.
2007-03-02 04:36:07
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answer #3
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answered by Anonymous
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Normally your parent can claim you until the age of 25 if you are still attending an accredited college.
The parent who has the right to claim you must meet the requirements set forth by the IRS however. Your "home" must be theirs more than 6 months a year (living in the dorm does not change this ) and your parent must provide more than 50 % of your support
2007-03-02 04:46:10
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answer #4
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answered by Rick F 2
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they can claim you as long as you are a full time student and live with them at least 51% of the time. Yes the IRS considers the person who gave 51% support or more the one that can claim you. If you are going to college next semester be sure to keep up with all expenses because your parents can get a credit for school expense
2007-03-02 04:29:45
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answer #5
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answered by Anonymous
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The above answer is correct up to age 24. After that you must also have an income of no more than $3300 unless you are disabled.
2007-03-02 04:33:23
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answer #6
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answered by CarVolunteer 6
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