Taxes: Should I claim myself or should my parents?
#1
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Taxes: Should I claim myself or should my parents?
I start my new job Monday, and I have to bring with me all the forms filled out.
The big debate right now is, do I claim myself, or should my parents still claim me?
Im 22, getting a part time job 30 hours a week. Ill probably make under 20k, and yes I go to school, but my parents pay the tuition and their is no loans involved.
What should I do and what will be the benefit?
The big debate right now is, do I claim myself, or should my parents still claim me?
Im 22, getting a part time job 30 hours a week. Ill probably make under 20k, and yes I go to school, but my parents pay the tuition and their is no loans involved.
What should I do and what will be the benefit?
#2
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I suppose it also depends on how much your parents make and how much write off they can still use. Also how much your tuition is. If it s a substantial amount, they should probably claim you. just call your accountant, and they should be able to tell you better knowing your whole scenario.
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09-11-2003 02:45 PM