Parents won't claim me as a dependent when they file their tax return. Does that mean I can claim independent?
-
Here's my situation. I'm a 21 year old college senior. For the past two years, I've paid all my tuition and any other related school expenses. The reason I do that is because I don't qualify for financial aid because I work and make, according to FAFSA, too much money. Last year, I filed as independent and asked my parents not to claim me, which they agreed to. Subsequently, my return boosted by over $1000. This helped me tremendously because, since I pay my own tuition, I was able to use that money to go towards school expenses. I was thinking about doing the same thing this year, but I was basically wondering if the IRS has a problem with doing this. My parents have the right to not claim me, right? And if they do that, do I have the right to claim myself as an independent? The only information I can find online pertains to whether people can be claimed as dependents by their parents, and not whether they can claim independent if their parents do not claim them. btw, I am not concerned with dealing with FAFSA. I am only interested in knowing if I can do this for tax purposes.
-
Answer:
If you CAN be claimed as a dependent then you lose your personal exemption even if you are not claimed as a dependent. You have not provided enough information to determine if you can be claimed as a dependent or not. And yes, the IRS has a problem with it if you can be claimed as a dependent but claim your personal exemption anyway. The fact that your parents failed to claim you is irrelevant in the eyes of the law. Your parents could change their minds at any time within 3 years of the filing deadline, file an amended return and claim you, and if they won the exemption YOU would be stuck with the taxes owed, plus penalties and interest from the due date of the return. See IRS Pub 501, in particular the support worksheet on page 20. Here's a link: http://www.irs.gov/pub/irs-pdf/p501.pdf
Taylor at Yahoo! Answers Visit the source
Other answers
No. You can claim yourself as independent only if your parents CANNOT claim you. If they can claim you but CHOOSE not to do so, then you cannot claim yourself. Although they do have the right not to claim you, their decision not to claim you provides no benefit to you or anyone else. Your taxes are affected only by whether they CAN claim you, not by whether they do claim you.
You parents do not have to claim you and legally they should not since the do not provide more then 50% of your support. You file a return as Single.
there is a check box on your tax return asking if you are claimed as dependent by someone else. just answer that question correctly. that is all you need to do.
if your parents chose to not claim you that is there prerogative, they are not forced to claim you since you have already filed once as not a dependent of your parents, there should not be a problem(except with your parents)
Independent isn't a tax filing status. The only thing that will upset the IRS is if the deduction for the same person is taken on two separate returns,
Related Q & A:
- Is it true that California won't get a tax return?
- When will I get my Federal tax return?Best solution by Yahoo! Answers
- Can my divorced parents both claim me as a dependent when I am 18?Best solution by singleparents.about.com
- How can I use a HDMI when my TV/Monitor doesn't have internal speakers?Best solution by Yahoo! Answers
- How can I fix my tv when it won't turn on?Best solution by answers.com
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.