Submitted by [deleted] t3_zza4ce in personalfinance
[deleted]
Submitted by [deleted] t3_zza4ce in personalfinance
[deleted]
Are you contributing anything towards housing costs? Who pays for most of your food, clothing, healthcare costs including insurance, etc.?
For most/all of 2022, he provided housing Healthcare as my previous job didn't have insurance. I paid for my own clothing and some of my own food.
Unless you graduated before May (like in a January term or something) then you are almost certainly their dependent for this year - you were a student for at least 5 months, lived in their house for more than 6 months, are under 24, and they provided more than half of your living costs.
Next year you will no longer be a dependent as you will be over 19 and no longer a full time student.
As the other commenter stated, this is a fact based question. It’s not about who will save money. It’s not something you get to decide. Based on your comments and post, you are likely a dependent for federal tax purposes. Google the tests for being a dependent and see if that’s how you should be classified.
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I believe you make too much to be claimed as a dependent. But I could be wrong.
There is no income cut-off in determining if you are a dependent or not.
I just went through worksheet and it asks if the person made more than $4400 during the year….
That would be part of the test for a qualifying relative, not a qualifying child.
I’m so confused because I used my child. He’s 19 and I went through to see if I could claim him. He’s a PT student and made more than $4400.
If they are a fulltime student (and under 24) they are still a dependent.
NoFilterNoLimits t1_j2adlz6 wrote
It’s actually not up to you. The IRS has rules that decide
https://www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent
I’d suggest filling out their worksheet