I moved out of state from my parents in the beginning of January, and turned 19 years old in February. I have worked full time since then, and I will be going to school in summer and fall this year. Will my parents be able to claim me on their taxes for 2007?
2007-05-28 10:00:31 · 10 answers · asked by funnybunny 1 in Business & Finance ➔ Taxes ➔ United States
No, they won't be able to. You didn't live with them for over half the year in 2007. The "temporary absence while at school" wouldn't apply for them since you've already established yourself as living somewhere other than with them.
Some of the other answers you got here are wrong.
2007-05-28 10:35:04 · answer #1 · answered by Judy 7 · 4⤊ 1⤋
I read on this page that you must be under 19 at the end of the tax year so last year they can but next year for the tax year 2007 I don't think so. Unless you are a full time student and then it is different. If you want to claim yourself I suggest telling them not to because you are claiming yourself and they will be screwed unless they prove they can claim you. But in a nice way you know?
2007-05-28 10:09:27 · answer #2 · answered by Sunburned:( 3 · 0⤊ 0⤋
Depends. You haven't provided quite enough information to give a definitive answer.
If your out-of-state move was a temporary absence to attend school (you don't mention if you were attending school while working full time) then you are considered as living in their home for the time since January. In this case, if your parents are still providing over 50% of your support (another item not mentioned) then they probably can claim you as a dependent.
On the other hand if your move was not related to school and you live out of their home for more than half of the year they can no longer claim you as a dependent. In this case they could only claim you as a dependent if you make less than $3,400 for the entire year and they provided more than 50% of your support. Being employed full time since Januaury makes that highly unlikely.
2007-05-28 11:15:10 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 1⤋
One test for claiming you as a dependent does not appear to have been mentioned yet. If you provide at least 50% of your own support, your parents can't claim you under ANY circumstances. When determining if this applies, remember that tuition counts as part of your support. Other support items include, housing, utilities, food, and transportation. How much you EARN is not important for the support test. If you save everything you earn and your parents pay for your support, they provided 100% of your support.
2007-05-28 13:04:21 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
You are not a dependent of your parents in 2007.
The two types of dependents are "qualifying child" and "qualifying relative".
To be a qualifying child of your parents, you would have to live in their home for more than six months. Since you do not intend to return to their home, your absence to attend school does not count as residence in their home. Conclusion: you are not a qualifying child.
To be a qualifying relative of your parents, you would have to earn less than $3,400 in 2007 and your parents would have to provide over half of your support. If both these conditions are met, yes, your parents could claim you. However, since you say you are working full time, you have earned more than $3,400 and cannot be a qualifying relative of your parents even if they provide you with over half of your support.
My advice is to file your tax return as early as possible in 2008. That way, you won't have to deal with the messy situation of fighting with your parents over your personal exemption. File, then tell your parents, if you wish, that you filed your taxes and claimed your own exemption since you earned too much to be their dependent.
2007-05-28 11:40:00 · answer #5 · answered by ninasgramma 7 · 2⤊ 0⤋
What I did with my daughter was, figure out our taxes both ways, her being claimed by me, or her claiming herself. I compared the results, and if claiming her meant her paying but me getting a much better refund, I'd claim her, pay her taxes, and give her what she might have received.
You can do that. There's nothing patriotic about paying more than you have to.
2007-05-28 17:07:57 · answer #6 · answered by mdk 3 · 0⤊ 1⤋
Child aid has no pertaining to earnings taxes. He cannot deduct it and your mom does now not need to declare it. I query the divorce papers. Doesn't youngster aid customarily finish while anyone turns 18? You are 20.
2016-09-05 14:38:22 · answer #7 · answered by schueler 4 · 0⤊ 0⤋
If your parents pay for your college it is better for them to claim you on their taxes than for you to claim yourself as they will recieve the better tax benifit. You need to discuss with them what they plan on doing before you file. And you all need to decided who will recieve more of a benifit of claiming you. By paying for your college you are considered a qualifying child of your parents. This is regardless of how much money you have earned over the summer.
When my brother was 19 he worked full time and my parents paid for college. At tax time he claimed himself and my parents also claimed him. Due to this my brother wound up having to retun part of his tax return because he was overpaid.
2007-05-28 11:50:16 · answer #8 · answered by Anonymous · 0⤊ 2⤋
Yes.What's worse is that you have to use their income to base financial assistance requirements so they might as well claim you.
2007-05-28 10:03:40 · answer #9 · answered by TAT 7 · 1⤊ 5⤋
if they support 50% of your living expenses, then yes.
2007-05-28 10:02:52 · answer #10 · answered by Anonymous · 1⤊ 5⤋