I just started my first job ever last year. I do live at my parents house but I earn more than 10k a year.
If, on Dec 31 of the tax year you were:
- Under the age of 19
*******************OR*****************
Under the age of 24 and a full time college/High school student for *ANY* *ONE* *SEMESTER* that started in the tax year and;
*YOU* did not provide *MORE* than 50% of your own support for the *ENTIRE* tax year, and;
Were enrolled in a course of study at an accredited learning institution that will lead to a degree or certification, then;
Your earnings *DO* *NOT* *MATTER*. You could earn a million dollars (literally!) and still qualify as a dependent on your parent's tax return. Understand that there is *NO* requirement for your parents to provide you any support. Not one single penny. The support requirement is on you, and only you. Since you only made about $10-11K in 2019 *AND* you lived with your parents, there is no way possible on this green earth that you provided more than 50% of your own support. Therefore your parents' qualify to claim you as a dependent.
Now understand this: Your parents have a choice. *You* do not have a choice. You "MUST" select the option for "I can be claimed on someone else's return" and it flat out does not matter if your parent's claim you or not. THe key word here is *QUALIFY*. If the above conditions are true, then your parents qualify to claim you on their tax return, and it flat out does not matter if they actually claim you or not. You have no choice but to select the option for "I can be claimed on someone else's tax return" weather your parent's actually claim you or not.
Additionally, dependents *over* the age of 16 on Dec 31 of the tax year do not qualify the parents for the additional $500 per dependent.
