I did not file due to divorce and procrastination. Once I missed the first year it was harder and harder to do the next year. This year I want to catch up and get squared away. Even tho I withheld ...
But if you are 1 minute past the midnight deadline you are penalized heavily...maybe the IRS should pay the same penalties..not the minimum interest they do pay for being late....
They have all the forms with the number on it. We are told to protect our SS number and yet we are told when doing some business to put it on a bank check that travels to many institutions before it ...
I moved out of my flat yesterday as I could not stand one of my flatmates {she was really filthy and weird}. When I moved in I paid 1 months rent (£350) plus deposit (£350) so in total paid £700. H...
I am waiting on my ex's. he has past due child support(15,000) and not remarried. I think he filed at the very last minute so he missed the first round....
My friend decided that he would blow all of his yearly income on luxuries and what ever he wants and then use his income tax returns at the end of the year to buy his truck. I dont believe he is on ...
Does it mean there taking half of my money...
i already did my income is there any way to fix it.. Additional Details i am 19 and i pay bills at home too..
If you are over 18 AND in college/higher education your parents can claim you as a dependent. If you are over 18, not in school and not disabled they cannot claim you. That is regardless of whether you live with them/contribut to expenses or not.
When you have a dependent it lowers your taxable income as well as offers you credits and rebates.
Whether or not you can file as exempt depends on how much money you made not your dependent stauts.
Bumpers
You're not giving enough info as to your situation. Do you live with your parents? Did they provide for over 50% of your support? How old are you? If you've already filed your income taxes, have you informed them of it? I really think this is something you need to discuss with your parents & maybe a qualified tax consultant - I don't think I'd depend on what someone else "thinks" for something as important as this! Good luck
******FEFE*******
First of all how old are you? i think if your under 18 then they can still claim you.
romanov1918
If you worked and paid them to live there, they should NOT have claimed you.
TAXI MAMA
if they paid for over half of your upkeep they are allowed to claim you.
SLS19
If your parents claim you then you should be filing expemt on your W2's. You cant file two seperate tax forms on the same social. If your working and paying taxes and over the age of 18 they shouldnt be claiming you.
entrepreneur04
your parents can claim you but it doesnt mean they are taking 1/2 your money. To see how much they are getting vs you you cna go to a local H&R block and they will tell you both ways for free. They can tell you from there how to reverse your claim if need be and yes you cna reverse it but youd have to talk to a Tax professional about it.
Doc
If you are under 18 then your parents claim you. If you are over 18 and living with your parents then they have the option to claim you.
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