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1099-NEC Parents Income
I'm a full-time college student and work as a landscaper in the summer, so I attained just over 10k of income before taxes last year. I am a dependant, but I pay for most of my tuition. When I was filing, the form asked for my parent's taxable income, and when I entered it my federal taxes went up an additional thousand dollars. Is this supposed to happen? My rate of over 18% federal taxes seems super high for a full-time student, and that puts me at over 22% income tax when I include my Michigan taxes. Do those rates sound right, and do I have to claim my parent's income?
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March 18, 2021
9:33 AM