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Do I file as single or claim parents as dependents if I live with them? This is mainly for FAFSA and college.
I've been filing single for a while, and I live with my parents. My parents are retired, and they receive Social Security, as well as some investment/dividend income. My parents have been filing "married filing jointly."
Can I file head of household and claim them as dependents, so it's a household of 3? I'm taking classes at a college, and I'd like to qualify for FAFSA, CA Promise Grant, etc. I already have a bachelors degree. I currently don't qualify for FAFSA or CA Promise Grant because my income isn't low enough, as someone filing single.
Are there pros and cons to filing single, or as head of household, with my parents as dependents?
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March 24, 2023
4:56 PM