topic Filing unemployment as student in Deductions & credits

Filing unemployment as student

Anyahwhite03 — Tue, 24 Dec 2024 03:03:43 GMT

can I file taxes not having a job b it being a full time student who’s independent

Re: Filing unemployment as student

Mike9241 — Tue, 24 Dec 2024 03:21:32 GMT

see this IRS webpage where you can check to see if you should or need to file.

https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

Re: Filing unemployment as student

xmasbaby0 — Tue, 24 Dec 2024 04:35:22 GMT

Do you mean you have been receiving unemployment benefits----or do you mean you just have not had a job?

Re: Filing unemployment as student

Anyahwhite03 — Tue, 24 Dec 2024 05:55:10 GMT

Have not had a job

Re: Filing unemployment as student

Hal_Al — Tue, 24 Dec 2024 11:35:08 GMT

You are asking if you "can" file, rather than if you are required to file. What is it that you expect to get by filing?

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24 (or an orphan), even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.

You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.

Reference: Line 7 instructions for form 8863.

https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674

https://www.irs.gov/instructions/i8863

But, if you are a student, over age 23 (or an orphan), and are not claimed as a dependent by someone else (e.g. your parent) you may be eligible for the up to $1000 refundable American Opportunity (tuition) Credit. That credit is not dependent on having either kids or earned income. You must be at least a half time undergraduate student. There's even a loop hole available to claim the credit, if you are on scholarship.

Re: Filing unemployment as student

davekro — Tue, 24 Dec 2024 23:49:54 GMT

Kudos to you, Hal, for giving a full, detailed explanation of a topic which the OP may have been referring to, even though the OP's question was lacking context, complete words, and even punctuation. Although it would have been difficult for the OP to invest less time and thought in his/her request for help, you generously gave of your time and talent to help. You are a good soul and a force for good on the 'internets'. ;o)

Merry Christmas Eve,

Dave