answersLogoWhite
Taxes and Tax Preparation
Income Taxes
Tax Forms

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


Top Answer
User Avatar
Wiki User
2014-07-07 15:53:24
2014-07-07 15:53:24

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.

Related Questions

User Avatar

A commuting student (as compared to a resident student) lives off campus (frequently with parents) and commutes to college or university.

User Avatar

no, because students have rights even though they should be and the school will have to force, the recommendations are that we should. these tests are for our lives to be better

User Avatar

Yes, but it should only be done as a last resort.

User Avatar

a teacher molds the minds of the students. a teacher makes a great impact to the lives of the students entrusted to him. without a teacher no one can become a professional. a teacher also is imparting to the student what the student should know and should not know at times.

User Avatar

Because there parents don't own their lives!


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.