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Does being claimed as dependent affect the amount that is due and or the refund?
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Does being claimed as dependent affect the amount that is due and or the refund?
Probably not. Whether or not you are claimed as a dependent this year, you receive the same standard deduction this year: $12000. However, when you are claimed as a dependent, you generally are not allowed to claim other credits, and definitely cannot claim other dependents. Otherwise, you will not see a difference in your taxable income if you are claimed as a dependent on another return.
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Does being claimed as dependent affect the amount that is due and or the refund?
Probably not. Whether or not you are claimed as a dependent this year, you receive the same standard deduction this year: $12000. However, when you are claimed as a dependent, you generally are not allowed to claim other credits, and definitely cannot claim other dependents. Otherwise, you will not see a difference in your taxable income if you are claimed as a dependent on another return.
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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