Can my parents claim me as a dependent if I have a full time job?

Yes, if they are not claiming you on their tax return you would answer, No to that question.

When am I no longer a dependent on my parents taxes?

The federal government allows you to claim dependent children until they are 19. This age limit is extended to 24 if they attend college. If your child is over 24 but not earning much income, they can be claimed as a qualifying relative if they meet the income limits and/or if they are permanently disabled.

When should I stop being claimed as a dependent?

You can claim dependent children until they turn 19, unless they go to college, in which case they can be claimed until they turn 24. Keeping your child part of your household means you can deduct their medical expenses under your own itemized deductions, Keng says.

Will I get less money if my parents claim me as a dependent?

“If My Parents Claim Me Do I Lose Money?” If your parents claim you as a dependent on their taxes, they claim certain tax benefits associated with having a dependent. As a dependent, you do not qualify to claim those tax benefits. However, you may still need to file a tax return if you have income.

Should my 18 year old file their own taxes?

You do NOT include the earned income of a dependent or anyone else (other than a spouse filing a joint return) on your tax return. Generally, for 2015, if the dependent’s earned income is less than $4,000 and is the only income to report, no return is required. …

Why can’t I claim my 17 year old on my taxes?

Your daughter will need to amend her tax return and not claim her exemption. This may result in a tax liability for her, or she may need to return part of her refund. This all needs to be done before taxes are due this year, April 17th. You may “paper file” your return and mail it.

Can I claim my child if they work?

Yes, you can claim your dependent child on your return if you answer all to the following: Your child may have a job and earn income, but that job cannot provide for more than 1/2 of their support. You need to be providing for more than 1/2 of their support even while they are working.

Can I claim my daughter if she has a job?

Can I claim my child as a dependent if she has a part-time job? Yes, as long as the child does not provide more than half of their own support and meets other criteria noted above.

Is there a downside to being claimed as a dependent?

Cons for claiming your adult kids If your kids are making $6,350 or more, they’re required to file a tax return. When you claim them as a dependent, they can’t take advantage of education credits. Both credits are subject to phase-outs after $80,000 for single filers and $160,000 for married filing jointly.

What if my parents claim me on their taxes and I claim independent?

You will not be in trouble for filing and claiming yourself, as you are legally allowed to do so. They will not be in any legal trouble either, but will be required to re-pay any portion of their refund they received by claiming you.