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Dependent vs Independent Student
Hello,
I am a first year full time college student earning about $18,000/year. I live at home, but I am paying for college completely on my own. I am debating filing independent this year instead of having my parents claim me as dependent. From my understand, I would be able to claim some of the previous stimulus payments, and claim education related tax credits that would benefit myself. Would you suggest filing independent, or having my parents claim me as dependent?
March 28, 2021
9:27 AM