In the question did you support yourself in 2020? ...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

In the question did you support yourself in 2020? Do you choose yes or no if you are independent 24 year old but still live with your parents?

I pay for all my expenses except for housing, my parents do not claim me in their taxes do I choose yes or no in supporting myself?
2 Replies
Level 15

In the question did you support yourself in 2020? Do you choose yes or no if you are independent 24 year old but still live with your parents?

If your gross income in 2020 was $4,300 or more then you cannot be claimed as a dependent.  IF less, then you can be claimed as a dependent under the Qualifying Relative rules if you meet all the requirements.

 

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.
2. The person either (a) must be related to you or (b) must live with you all year as a member of your household.
3. The person's gross income for the year must be less than $4,300 (social security does not count) in 2020
4. You must provide more than half of the person's total support for the year.
5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.
6. The person must not file a joint return with their spouse.

Level 15

In the question did you support yourself in 2020? Do you choose yes or no if you are independent 24 year old but still live with your parents?

If you were 24 at the end of 2020 and had more than $4300 of income (not counting Social Security) you cannot be claimed as a dependent by anyone.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Dynamic Ads
v
Privacy Settings