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MEGAN H | Can i claim myself as an independent? |
I live with my parents and a full time college student but I support at least half of my living spents by myself. I'm turning 21 this year and wondering if I can claim myself as an independent as long as my parents don't claim me as their dependent?
Additional Details
I made 18000 and basically pay for everything on my own(and mostly food-I eat out almost everyday)except for rents and electricity
I've talked with my parents, they have no problem with me claiming myself independent. I was just wondering "AM I ABLE TO CLAIM MYSELF AS A DEPENDENT?" since I know full-time student who under 24 and live with parents are dependent........ |
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smari
 |
Your parents have the right to claim you. However, you can claim yourself as well .Just talk to them and see what they want to do. Sometimes it might depend on what you would get back vs. what they would by claiming you. If they are gonna get and extra 500 and you would only get 200, it makes more sense to have them claim you. Talk to your parents about it, they may either know or have an accountant they can have run the numbers. |
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travelguruette
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Are you sure you support yourself more than half? Do you pay rent to your parents? Buy your own food? Pay for your own medical insurance? If you do then you can claim yourself.It isnt about letting them. The law is very specific if you can or cannot. |
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hrblock.laura
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If you live with your parents it would be hard to imagine you pay 1/2 of your living expenses. If you added all that was paid for the home, food, utilities and all else to do with just the home and divide it by the number of residents, you would see that you probably don't pay half. This would also include how your college is being paid.
Therefore, you should be claimed by your parents and file your tax return as such. As long as you earn less that $5450 you will receive back all the tax you paid in.
Laura H – H&R Block – Senior Tax Advisor 5
**This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided. |
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Jss
 |
If someone can claim you dependent, then you can not claim your own exemption.
If you provided more than half of your support, then your parents can not claim you.
A dependent can be your qualifying child or qualifying relative. For the requirements to claim a dependent (your qualifying chid or qualifying relative), read: http://taxipay.blogspot.com/2008/03/requirements-for-claiming-dependent.html |
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Big Woof
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If you truly have supported yourself by more than 50% then you will claim yourself as single. It is very rare that someone in school and living with their parents can meet the support rule. You must have a well-paying side job. |
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Talisman
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If you refer to the incredibly long and boring IRS Publication 501 (linked below) - and refer to the central paragraph at the bottom of page 10, you will see this section:
YOUR OWN EXEMPTION
"You can take one exemption for yourself unless you can be claimed as a dependent by another taxpayer. If another taxpayer is entitled to claim you as a dependent, you cannot take an exemption for yourself even if the other taxpayer does not actually claim you as a dependent."
If you are under the age of 24 and in college - most of the time your parent will qualify to claim you - unless you provide more than 50% of your own support during the year. See the IRS website for more details on what things are considered support, and what are not.
However, once you are 24+ (or out of college and 19+) and are not permanently disabled; then you will be able to claim yourself so long as you make more than $3,500 per year (adjusted up a little each year for inflation -this is 2008/09's figure.). |
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King Milo...Volsifire....Monkey
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I DECLARE YOU INDEPENDNT!!!!!!!!!!! |
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Tom J
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Claim yourself as an independent? There is no such thing. |
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