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Can a college student that is claimed as a dependent on parents tax form get a refund?
Yes, a college student who is claimed as a dependent on their parents' tax return can still receive a refund if they have earned income and file their own tax return. If their income is below the taxable threshold or if they qualify for tax credits like the Earned Income Tax Credit, they may receive a refund even though they are a dependent. However, the dependent status affects their eligibility for certain tax credits.
What else can I help you with?
When applying for a student loan are you an independent since your grandmother claimed you on taxes?
If you were claimed by your grandmother on her income taxes that would classify you as a dependent.
Are college students responsible to pay for medical expenses if the student is still a dependent of the parents?
If the student is over 18, they are an adult; therefore, if they received medical treatment, they are legally responsible for the bill. The fact that they are a dependant doesn't matter.
Do you have to apply for FAFSA through your parents?
Whether or not you have to provide your parents' information on your FAFSA depends on your dependency status. If you are a dependent student, you will need to provide their information. If you are an independent student, you will not need to provide their information. You can use the Student Aid Dependency Status link below to determine if you are a dependent or independent student for financial aid purposes.
How can you determine if your wife could be claimed as a dependent on her parent's tax return?
If the wife's parents provided over half of your wife's support, and she lived with them for the majority of the taxable year, and she is under age 18, or if over 18 a full time student at an accredited college, they might be able to claim her on their return. In most cases, the wife depends upon her husband for support, and doesn't need support from parents.
How long can a person be claimed as a dependent on their parents income taxes?
So long as they live at home, their parents are providing over 1/2 of their support, and they are either a. a full-time student under the age of 24, or b. making less than $3,500 (for 2008) per year
If a college student earns 3000 in a school year can the parents still claim her as a dependent on their income taxes?
Yes...presuming they meet all the other dependency tests. The student cannot then claim a dedcution alos, although one isn't needed in this casse.
Can your parents insurance cover us as part time college student under new health care laws?
The new law regarding the parent's children UNDER AGE 26 does not say that the "child" must be in college. Whether a "child" can stay on the parent's plan depends on the choice of the parents and whether the "child" is financially dependent upon the parents.
Will parents get a refund if the child is not a college student anymore?
In the US, unfortunately no.
What does it mean to be a committed student?
A commuting student (as compared to a resident student) lives off campus (frequently with parents) and commutes to college or university.
Can a immigrant college student sue his parents if they refuse to support him financially after he is enrolled?
No.
Can i see my children's transcripts from college?
Once a student is 18, college transcripts are not longer available to parents. As a college consultant, I usually suggest parents have an honest discussion with their child about how they will know what kind of grades the student in making. Unless a student requests a transcript or allows you into an online account, you will just have to trust their word.www.collegedirection.org
Can I claim my college student as a dependent for the year 2017?
To claim your college student as a dependent for the year 2017, they must meet certain criteria such as being under a certain age, living with you for more than half the year, and not providing more than half of their own financial support. Check the IRS guidelines to see if you qualify to claim them as a dependent.
