- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You say you "live with" your parents. Whose home is it? Do they own the home or do you? You do not say what income your mother has--only that she has income. Is it from working or does she get Social Security or some other income? Do they file a joint tax return? If they can be claimed as your dependents you can only claim one or both of them if they do not file a joint tax return. If they filed a joint return even on the non-filer site in order to get a stimulus check then they have already filed and your return claiming them will be rejected. On the other hand, dependents cannot get a stimulus check. All you "get" for a parent you claim is a $500 credit for other dependents. You do not receive stimulus money for claiming a parent. If you can claim them you can file as Head of Household and have a higher standard deduction.
IRS interview to help determine who can be claimed:
https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent