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I live with my parents but pay more than half my expenses

I’m 23 working, not a student, and live with my parents. I pay for more than half my expenses (including rent) and I make 20,000 a year. Am I ineligible to be filed as a dependent?

 

I want to get my own health plan with premium tax credits on the marketplace, but one of the requirements is that I can’t be able to be claimed as a dependent. I believe I qualify but I want to make sure before I leave my family health plan and get my own

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2 Replies

I live with my parents but pay more than half my expenses

No you are not a dependent.  You no longer qualify.  You made over $4,700 and are not a full time student.  Make sure your parents don’t claim you.   

Hal_Al
Level 15

I live with my parents but pay more than half my expenses

There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test. Only a QC qualifies a taxpayer for the Earned Income Credit and the Child Tax Credit. They are interrelated but the rules are different for each.

The support test is different for each type. The support test, for a QC, is only that the child didn't provide more than half his own support. The support test for a Qualifying Relative is that the taxpayer provided more than half the relative's support.

 

 You cannot be a Qualifying Child dependent because you are over 18 and not a full time student.

You cannot be a Qualifying Relative dependent because you have too much income (more than $4700). 

 

See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Ret...

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