Best Answer - Chosen by Voters
It sounds like you don%26#039;t want them to claim you any more. You can claim your self on your own income tax and not check the box that someone else is claiming you. The IRS will send out a letter to your parents asking them to prove that they provide at least 50% of your expenses. Insurance is a lot, but if you have younger siblings chances are that if it is an employer work policy the coverage is for child(ren) so whether they have one child or 20 it would be the same price.Now if you want to maintain a relationship with your parents, I would sit down with them and go over the pros and cons of which is more beneficial - them to claim you or you to claim yourself.
Good luck 50% 2 Votes
Other Answers (6)
-
I do believe that they have overextended the IRS%26#039;s meaning of dependent. It is true that a parent can claim their child student, but usually under the assumption that the parent is paying room and board, tuitions, and such. This would give them reason for the deduction. However, since you are in full control of your own independence, you should just tell them that you are going to claim yourself next year and get them prepared now.
0% 0 Votes
-
It is illegal for them to claim you as a dependent unless they provide more than 50% of your support. See IRS Publication 501.
0% 0 Votes
-
This is a tax question.
If most of your support is provided by YOU, then you are NOT their dependent. agent, 21+ years 25% 1 Vote -
Yes. Especially if your a full time student.
0% 0 Votes
-
only if they provide 50% or more of your living expenses for the year
25% 1 Vote
-------------------------------------------------------
More Question and Answer
- Where can I get unemployment mortgage insurance?
- Unfairly discriminatory in insurance-justify pls?
- My father is terminally ill, can I still purchase life insurance for him?
- Someday id like to sell insurance but i wnt to know the ins and outs of the biz
- What wording should i use in expressing qualified audit opinion when there is in
- Should I be insured by my company as well?
- What are the insurance range for a CBR600RR, beginner drive with 5 years of ecxc
- Insurance for Turf roofed house?
