turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Need to know if i can claim my own w2 and be claimed by my parents.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
LeeM
New Member

Need to know if i can claim my own w2 and be claimed by my parents.

Yes, you can. However, be sure to select that you "Can be claimed by someone else as a dependent" and "Am being claimed by someone else as a dependent" when asked those questions in the Personal Information section of TurboTax.

For 2016, if you have earned income more than $6,300, you must file your own return. 

If you earned less than $6,300 in 2016, then you do not have to file a return, but you may wish to do so to recover any withheld income taxes. 

Your parents can still claim the dependent exemption but you will not be able to claim the personal exemption on your return.

View solution in original post

3 Replies
LeeM
New Member

Need to know if i can claim my own w2 and be claimed by my parents.

Yes, you can. However, be sure to select that you "Can be claimed by someone else as a dependent" and "Am being claimed by someone else as a dependent" when asked those questions in the Personal Information section of TurboTax.

For 2016, if you have earned income more than $6,300, you must file your own return. 

If you earned less than $6,300 in 2016, then you do not have to file a return, but you may wish to do so to recover any withheld income taxes. 

Your parents can still claim the dependent exemption but you will not be able to claim the personal exemption on your return.

Need to know if i can claim my own w2 and be claimed by my parents.

Is that saying that I won't get my refund from my w2 because my parents are claiming me? Also, i have two 1098T's from my school that I'm trying to get funds from too so does that mean I won't get the money from that either ??
LeeM
New Member

Need to know if i can claim my own w2 and be claimed by my parents.

Unfortunately, you cannot receive the tuition deduction if you can be claimed as a dependent of someone else. There is more information at this website. <a rel="nofollow" target="_blank" href="https://turbotax.intuit.com/tax-tools/tax-tips/College/Deduction-for-Higher-Education/INF12002.html"...>
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question