I am 17 years old and have had a job for 1.5 years
2007-03-04 08:00:54 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
No, if your parents are eligible to claim you as a dependent, you don't get an exemption for yourself on your own return. Only one return can claim any person for an exemption.
You do, though, get a standard deduction on your own return.
2007-03-04 09:31:56 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
You can only be claimed once on one tax return. If your parents provide you a home, food, clothes etc, they get the deduction. How much it benefits them really depends on how much money they make. Maybe you could do your taxes both ways on paper, show your parents how much more you could get back and perhaps they will give you a portion of what they get back. I know many parents that do this.
2007-03-08 14:40:21 · answer #2 · answered by kattsmeow 7 · 0⤊ 0⤋
you can only claim yourself if your parents do not. also, as a parent, since my child turned 17 last year i could no longer get the child tax credit even though she is disabled and totally dependant upon others for care. I still qualify for the earned income credit though.
2007-03-04 19:56:50 · answer #3 · answered by tlp31569 1 · 0⤊ 0⤋
no, but I can tell you this they get $2,628 for claiming you... I claimed my son this yr cause he was born in 2006 and I got back well over 3,000 and 2,628 was for him alone
2007-03-04 16:12:31 · answer #4 · answered by american_eagle_guy1983 3 · 0⤊ 2⤋
no, you're 17, you cannot do that ubtil 18 and on your own unless you are paying household bills where you reside
2007-03-04 16:08:43 · answer #5 · answered by jedi1medic 2 · 0⤊ 1⤋