You'll need to sign in or create an account to connect with an expert.
NO!!!!! If you are someone else's dependent you can file your own tax return to seek a refund of tax withheld from boxes 2 and 17 of your W-2's but you must say in MY INFO that someone else can claim you as a dependent.
If you can be claimed as a dependent and you answer the question in My Info incorrectly, here is what happens if you e-file first: Your Social Security number goes into the IRS system as having been used. When your parents try to e-file, their e-file is rejected and they will find it impossible to e-file their own tax return. Then they will have to print, sign and mail their return and wait for months for it to be processed. You, meanwhile, will have to file an amended tax return on a special form called a 1040X, which also takes months for the IRS to process. So make sure you know the correct answer to "Can anyone claim you as a dependent on their tax return?"
Q. Should I put that I support myself under full-time student if my bills are paid by the head of household, but I pay my own tuition?
A. Simple answer: No. If it has already been determined that you are somebody else's dependent, then you did not support yourself.
That said, it really depends on more information. What is the source of funds by which you pay your own tuition? If student loans, did your parent co-sign the loan? Which is the more, your tuition or your bills paid by the head of household?
With the 2018 tax law change, most students will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. However, you only qualify for an education credit, if you are not a dependent.
_______________________________________________________________________________________________
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.
The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.
A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:
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.
The IRS has a worksheet that can be used to help with the support calculation. See: http://apps.irs.gov/app/vita/content/globalmedia/teacher/worksheet_for_determining_support_4012.pdf
See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Ret...
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
floriatax
Returning Member
victoriaict11
New Member
in Education
user17706704064
Level 2
in Education
bonnieforbesyoung
New Member
ATLTiger
New Member