Since I file my taxes separately I get standard deduction and personal exemption of $3400. Can my parents claim that personal exemption instead of me on their return?
2007-11-13 12:40:51 · 10 answers · asked by j r 1 in Business & Finance ➔ Taxes ➔ United States
Generally, your parents can claim you until the year you turn 23 if you are a full time student and they provide more than half of your support (i.e. food, clothing, housing, etc). If you are not a full time student, then they have to stop claiming you the year you turn 19. The only other possibility would be if you are disabled. After you turn 23, even if you are a full time student, they can no longer claim you unless you are disabled.
2007-11-13 12:52:08 · answer #1 · answered by Homeslice 4 · 1⤊ 2⤋
If your income exceeds your standard deduction and your one personal exemption then your parents can not claim you. File your own taxes, claim yourself and get some or all of your tax withholdings return. Do the same for your state returns. Based on your age and I assume you have no children and you would not get earned income credit. Single with no kids, you have to be 25 years old.
2007-11-14 23:42:13 · answer #2 · answered by Gary 5 · 0⤊ 0⤋
If you are a full-time student for some part of at least five months of the year, and don't provide over half of your own support, your parents can claim you, and they'd get the personal exemption for you rather than you taking it on your own return.
If you were not a student during the year, then no they can't claim you even if you lived with them, and no matter how much of your support they provided.
2007-11-13 13:28:07 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Wow, what a load of BAD answers! (But the rules are a bit tricky so that's somewhat understandable.)
The correct answer is: It depends. If you are a full time student (or are permanently and totally disabled) and do not provide more than half of your own support then they can claim you under the qualifying child rules. (The rule for qualifying child says NOTHING about your parents providing more than half of your support. The ONLY support qualifier is that you do not provide more than half of your OWN support.)
If you are not a full-time student and not permanently and totally disabled then they can claim you under the qualifying relative rules which state:
1. Your gross income must be less than $3,400 (for 2007, it changes yearly).
2. They paid more than half of your support. (Note that this is different from the qualifying child rule!)
3. You do not file a joint return with another taxpayer, i.e. you're not Married Filing Jointly.
(Normally the qualifying relative rules require that the dependent live in the taxpayer's household all year but since you are their child that does not apply.)
If your parents can claim you as a dependent then you may NOT claim your personal exemption. This is true even if they do not claim you as a dependent.
2007-11-13 12:55:39 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 2⤋
If they provide over 50% of your support. ie. food, housing, clothing, schooling, tuition, etc. Otherwise, if you buy them food, pay rent, buy your own clothes, then no.
2007-11-13 12:45:53 · answer #5 · answered by rb_cubed 6 · 0⤊ 4⤋
do they pay for every thing for you. if so then yes if not then no also if you are filling your own tax then no they can't
2007-11-13 12:46:42 · answer #6 · answered by Anonymous · 0⤊ 3⤋
They can put you as a dependent if they provide most of your support.
2007-11-13 12:45:16 · answer #7 · answered by Charles S 2 · 0⤊ 5⤋
look on the IRS.gov website, they will have all the rules posted
2007-11-13 12:43:48 · answer #8 · answered by Anonymous · 0⤊ 3⤋
Yes, they can - especially since you live with them.
2007-11-13 12:45:02 · answer #9 · answered by kiddkosmic 4 · 0⤊ 5⤋
only if you're disabled
2007-11-13 12:44:23 · answer #10 · answered by T Leeves 6 · 0⤊ 3⤋