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Liz M | Am I a dependent? |
My parents want to claim me as a dependent on their tax return, but I am not sure if they can.
I'm 21 years old and was a full-time student until I graduated college in May (since graduation, I have been working in a full-time job)--since I wasn't a student at the end of the year, does that disqualify me from being a dependent? |
 |
 
travelguruette
 |
Fulltime student by tax law is 5 months and you are under 24. Have they provided over half of your support? Rent, medical, food, etc.
To be claimed as a qualifying child, the person must meet four criteria:
Relationship — the person must be your child, step child, adopted child, foster child, brother or sister, or a descendant of one of these (for example, a grandchild or nephew).
Residence — for more than half the year, the person must have the same residence as you do.
Age — the person must be
under age 19 at the end of the year, or
under age 24 and a be a full-time student for at least five months out of the year, or
any age and totally and permanently disabled.
Support — the person did not provide more than half of his or her own support during the year. |
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Bobo
|
If you supported yourself more than 50% in 2007, then your parents cannot claim you as a dependent if this is the the only dependency test in question. Being a student for 5 months and being under 24 satisfies the age test for your parents to claim you only if you didn't support yourself more than 50%. |
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v b
|
This hinges solely on whether or not you provided more than half of your own support. It's not based on time or whose tax return gets the biggest refund.
Use the supprt test worksheet in publication 501 and FIND OUT. |
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ninasgramma
 |
Your parents can claim you unless you provided over half of your own support. Since you were employed, this may be the case.
If you spent more on your support than your parents spent, let them know you will claim your own exemption. If you did not spend more on your support than your parents spent, they will claim you one more year. |
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khn_mchl
|
Do you still live at home? They might reason that since they are providing room and board they can still claim you as a dependent. Ask whoever does your taxes. Also if you get your taxes done before they do and claim yourself as a dependent they might not be able to. |
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Invictus
|
The IRS has a document explaining the rules to follow in order to be able to claim someone as a dependent. It is IRS Publication 501: http://www.irs.gov/pub/irs-pdf/p501.pdf It's quite a long read (the part that would apply to you starts on page 10, I think), but it is definitive and will tell you for sure. There are five "tests," (ALL of which must be met in order for your parents to be able to claim you as a dependent for taxes) which I'll briefly describe here: Relationship (basically, are the people claiming a person his or her parents?), Age (during 2007, was the person under age 19, under age 24 and a full-time student, or any age and "permanently and totally disabled"? (the tax code definition of this is a doctor has determined someone is unable to work for pay due to a physical or mental disability that will last at least a year or result in death)), Residency (did the person live at the same physical address with the people wishing to claim him or her for more than 6 months of the year? note: if a person was away temporarily for school, travel, illness, etc. then those months are still counted), Support (has the person provided half or less than half of his or her own monetary support for things he or she needs, like food, housing, medical care, etc.?), and Special Qualifying Test for Qualifying Child of More than One Person (if the person can be claimed as a dependent by more than one person, the person trying to claim him or her must be entitled to do so) (the tax laws and regulations are so complex, I know). Since I don't know about all your circumstances, I can't say for sure. But I hope this helps! |
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Judy1
 |
To be considered a full time student, you just have to be a full time student for some part of at least 5 months, and you were (Jan-May) so they'd pass that test.
The tricky part in deciding if they can claim you is whether you provided half of your own support or not for the year, since you've been working since then. There is a worksheet in chapter 3 of IRS publication 17 for calculating support. You can download it at irs.gov and fill it out and see who provided what of your support. |
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northboy
|
No. |
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MarLo
|
Generally if you r parents supported you for at least 6 months of the year then they can claim you as a dependant. Check with a tax accountant...or even H & R BLock kind of places. |
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fluffy the wonderdog
 |
You can be claimed as their dependent. What i did with my girls was figure out the taxes both ways. Once with them as my dependent and once as a single taxpayer. What we found was if they claimed themselves in the first year, they made so little their refund was minimal( less than $200). If I claimed them the refund was waaaaaay more than that. My solution was to give them a check equal to the refund they would have gotten, plus any amount they might have owed for being my dependent. WE all made out like bandits. Your parents might be up for that. |
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prrfect
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if you earned wages over a specific amount (check your state & federal laws) and will be filing your own tax return they cannot claim you as a dependent on their return - otherwise they can claim you |
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