Can I be claimed as a dependent on my partents taxes if am a fulltime college student and worked partime making over $14,000 for the year. I still live at home.

[DanaB27]

Yes, if you are under 24 and a full-time student and you did not provide more than half of your own support for the year then you can be claimed as your parent's dependent.

You can use this worksheet to check if you provide more than half of your own support for the year.

Please see Who can I claim as my dependent? for additional information.

[Hal_Al]

There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test.

A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:

1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
2. He did not provide more than 1/2 his own support. Scholarships are excluded from the support calculation
3. He lived with the parent (including temporary absences such as away at school) for more than half the year

So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself.

The support value of the home, provided by the parent, is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants.