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you will have to pay your own taxes not your parents.

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Q: What happens if you claimed yourself and your parent claimed you as a dependent on taxes?
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Related questions

Can a parent be a legal dependent?

If you are responsible for more than 50% of their support, they are a dependent and can be claimed on your income tax as such.


Can a parent be claimed as a dependent for federal tax purposes if she receives public assistance?

yes


Can a parent be claimed as a dependent for federal tax purposes if they receive unemployment?

yes it would be hilarious


Does the US Navy recognize children born out of wedlock?

If the service member is the parent of the child, they can be claimed as a dependent. Marital status does not matter.


Can you file your taxes if you are a dependent?

In the United States, a person who earns over a certain amount has to file taxes, depending on filing status and age. Technically, anyone who can be claimed as a dependent should not have to file because the majority of their living expenses were paid by someone else. If a dependent earns more than the minimum allowable amount, they are no longer considered a dependent and must file taxes.


Dependent?

A person that is financially supported by another person, usually a parent or guardian. A person must pay for over 50% of another persons living expenses, in order for that person to be claimed as a dependent.


How did someone claim an incarcerated person as a dependent last year?

If the incarcerated person was not incarcerated for the entire year, he was still an eligible dependent. Also, if the incarcerated person is under 18 and the parent's provide his support while he is incarcerated he can also be claimed as a dependent.


Can a service member in the Navy claim their parent as a dependent?

Of course, if they can prove that the parent is dependent on them for a source of income.


If your parent claimed you on their taxes you supported yourself they didn't how do you get them to pay the money they owe?

Tell them to give you half of the money or you will start doing your own taxes. If you are under 18 yrs of age. then you have no say in the matter you are a kid and the money is your parents to do with as fit. You can only be claimed on someone elses tax return if you qualify as their dependent and you don't claim yourself on your own one. So, file your own tax return. However, you may end up paying taxes. You do not get money back from tax because you spent it on yourself.


Can non- custodial parent take child with permission and where to bring child back what happens if they dont bring child back?

That is dependent on the custody orders.


Should you file a US tax return if you are still claimed as a dependent on your parent's US tax return?

Yes, you must file a tax return, even if someone else claims you as a dependent, if you had earned income or interest. Most taxpayers who are claimed as dependents on someone else's return use form 1040EZ, especially if they claim the standard deduction and do not need to itemize deductions.


Should you claim yourself as an exemption?

Sure you should. As long as your parent or someone else is not eligible to claim you on their return then you should definitely claim yourself. It is an automatic calculation as long as you do not mark the return that someone else has claimed you on their return.