They have a right to claim you as a dependent if: dependent, generally : the term refers to: (1) any individualliving with the taxpayer (providing the relationship is not illegal under local law) and for whom the taxpayer provides at least 50 percent of his or her support ; and (2) certain relatives (parents, children, siblings, stepchildren, stepsiblings, stepparents, nephews, nieces, aunts, uncles, children-in-law, parents-in-law, grandparents, and grandchildren) regardless of where they live for whom the taxpayer provides at least 50 percent of their support.
So if you accept less than 50% of your upkeep needs from them, then they really can't be taking you. It's called not being dependent on them!
you will have to pay your own taxes not your parents.
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
I believe you need a dependent to have a household.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
where is your "Tax Bracket Calculator? and if I may why is this site so hard to use? How much would a 16 year old pay for taxes on $800 if her parents claim her as a dependent? depends on the year. in years past, if you didn't make more than 3000 in a calender year you wouldn't have to pay taxes on the money.
you will have to pay your own taxes not your parents.
No, if both spouses were claimed as dependents on their parents' taxes, they would not be able to file jointly as married. They would likely not qualify as dependents on their parents' taxes anymore once they are married and establishing their own household.
Absolutely, positively not.Whether your parents or anyone else claims you as a dependent has absolutely no effect on your obligation or ability to file taxes. Some people mistakenly believe that if your parents claim you as a dependent, they claim your income, your withholding and your refund, too. This is absolutely not true.People who make more than a certain amount are obligated to file taxes. However, ANYONE is permitted to file taxes. If you are due a refund, you must file taxes in order to get the refund. Your parents cannot get your refund for you. Whether your parents can claim you as a dependent has absolutely nothing to do with you. You must file your own taxes for your own income and withholdings. And if you owe taxes, you are obligated to file and pay them.
No.
If you are still living at home while in college your parents income will be counted, so you have to be totally independent and NOT claimed on your parents taxes as a dependent. So, it isn't dependent on age, but income.
You can claim a dependent on your taxes if they meet certain criteria, such as being a relative, living with you for more than half the year, and not providing more than half of their own financial support.
I believe you need a dependent to have a household.
In general, a person can claim you as a dependent on their taxes if you meet certain criteria, such as being a relative, living with them for a certain period, and not providing more than half of your own financial support.
No, you are not required to claim a dependent on your taxes. It is optional and depends on your individual circumstances.
Taxes are not age-dependent. In general, if you make money, then you have to file taxes. In some cases parents are allowed to fold the income of their minor children into their own tax returns, but if you have income at all, then SOMEBODY has to pay taxes on it.
Yes, someone can claim you as a dependent on their taxes if you meet certain criteria, such as being a relative, living with them for a certain period of time, and not providing more than half of your own financial support.
Yes, you can claim someone as a dependent on your taxes if they meet certain criteria, such as being a relative, living with you for a certain period of time, and not providing more than half of their own financial support.