I am a 19 year old college student, working two jobs and providing the vast majority of my support. Should I claim myself, or should my parents claim me? Will I get significantly less taken out of my paychecks if I am an independent? Also, what are the benefits to being a dependent on your parents. Can I only be listed on my parents health insurance if I am listed as a dependent? Also, are you allowed to change your filing status from dependent to independent mid-year?
I'm sorry for all of the questions, I'm just very confused, I've been getting a lot of money taken out of my paychecks, and I don't see many pros to continue being claimed by my parents. I'm just trying to weigh all of my options before I change my status.
Thanks,
23dyoung
