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Should a 17-year-old student who lives at home file taxes on his own or with his parents?

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Under tax law, as a student living at home, you are your parents' dependent for income tax purposes regardless of your income.

Therefore, you are their dependent and they will get that exemption. You, however, can file your tax return and, assuming you have earned income (from a job) that you had income taxes withheld on, you will receive a refund. If you made less than the standard deduction for a single person, you will get all of your taxes withheld refunded to you. You must file a return if you had over just the minimum amount of income, regardless of your age. Read the discussions on that topic - who must file - here or at IRS.gov. Regardless of it you must, generally, especially if you have a very small income, even if it isn't required for you to file, it will be beneficial, so you should. (And obviously if you worked and received a W-2 so you had tax or such withheld, you want to file to get the refund!)
If you are claimed as a dependent by someone else, you cannot claim the exemption for yourself too. And in fact, then the others (who presumably have a higher tax bracket than you), will probably have to pay (or you would have to pay) at the higher bracket.
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How do you file your own taxes?

  Go to the library, post office, IRS office, or IRS.gov and get your 1040 form and 1040 instruction book. Collect you W-2's, 1099's, 1098's and any other form sent to you

How do you file taxes on you own?

  Any number of ways: There is (or will be) a link to ways to do it for free, online, at www.irs.gov.   Personally, I prefer buying anyone of the many software pachkage

This is the first time you will be filing your taxes as this is your first job you will be making 45000 a year you are single and do not own a home how much do you need to pay in income tax in Chicago?

Try this calculator for your federal taxes: http://www.dinkytown.com/java/Tax1040.html Chicago does not have an income tax, but Illinois does. To figure Illinois income

Can you file income taxes if you are a student?

"Can you?" or "Must you?" The answer to "can you?": Many people will file an income tax return even though the income on the return was below the filing requirement. Even if

Should a 17 old that made 363.00dollars and live at home with mom and dad file income tax?

You did not make enough income to be required to file a tax return. However, you should check your W-2's to see if your employer withheld any Federal income tax (Box 2 of your

How should a sixteen year old file for taxes?

Use the basic Easy Form from your local Post Office. That being said, a sixteen year old living at home with parents or a parent who is also filing taxes has to coordinate the