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What benefits do I get for being claimed a dependent?

Is there any drawbacks from being claimed? Do I get less of a tax return if I am claimed?
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1 Reply
AnnetteB6
Expert Alumni

What benefits do I get for being claimed a dependent?

There are not really any benefits to the person who is being claimed as a dependent.  All the benefits (if any) will go to the person who is claiming the dependent.

 

If you are being claimed as a dependent and you are required to file a tax return, then you may receive a lesser tax refund than if you had not been claimed.  It all depends on your income whether your return is greatly affected by being claimed as a dependent.  

 

However, with regard to the current stimulus payments that are being sent to taxpayers, if you are claimed as a dependent or eligible to be claimed as a dependent on another return, then you do not qualify to receive the stimulus payment.  That is a definite drawback at this current time.  

 

 

@jlnorman98

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