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Deductions & credits
@Plato Ok here is my info to make it easier.
Tuition: $14,928(all covered by fafsa grants)
Rent: $6,783
Renter's Insurance: $187.44
Electricity: $297.57
Books/Supplies: $280.31
Other Expenses: $2,288
Opening Bank Balance: $3,986.69(Work savings)
Work: $1,132.16
Parent: $1,500
Bank Interest: $3.18
Scholarship: $2,000
Grants(Federal and State): $16,313
I noticed you said "10,000 tuition after scholarship". Do we not include tuition that scholarship/grants paid in our expenses? If so, I would then have provided for more than half of my expenses through my work savings and work?
For qualifying child requirements, confirm this for me: If I do not provide for over half of my support then I can be claimed as a dependent if all of the certain conditions are met. I meet all of them except perhaps for one of them: The child must have lived with you for more than half of the tax year. If your child was temporarily away from home for school attendance, we count that as time lived with you. I live in an off-campus apartment right next to my University. I plan on living here until I graduate then I plan on moving into another apartment close to the full-time job I would have acquired. My parents live several hours away. Under this it seems like my parent would not be able to claim me as a dependent?
I know I'm being particular about this but that's because 1) I don't want to mess up my taxes and get in trouble and 2) I need that $1,800 stimulus check. My parent didn't get it last year since I was an adult dependent in 2019 and I obviously didn't get it either. I was also negatively hit financially because of COVID-19 and hardly received anything because of it so it doesn't make sense(a polite way of putting it) that neither me nor my parent got it or will get it if I am considered to have been able to be claimed as a dependent in 2020.