I want to report for taxes but my mom desires to claim me! can we both profile!?
I am a student recieving financial aid, my mom has to claim me but can i profile as well!Answers: If you have withholding you would need to database to get it posterior. If your mom paid more than partially your support she can claim you so you can't but she would benefit more anyhow if she is higher income.
There is a similar situation discussed on the IRS website.
"If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?"
If you claim your daughter as a dependent on your income tariff return, she cannot claim herself on her income tax return.
If an individual is file his or her own tax return, and the individual can be claimed as a dependent on someone else's return, the individual cannot claim his or her own personal exemption. In this covering, your daughter should check the box on her return indicating that someone else can claim her as a dependent.
And of course you can profile your taxes even if your mother claims you as a dependent. In fact, you enjoy to file taxes if you work a confident amount and your mother definitely have to file taxes. I'm pretty sure you MUST database taxes for your FAFSA. None of this should affect your student aid as long as you haven't made too much money. But you shouldn't have to stress over this adjectives on your own. Go to the Financial Aid department at your school and own them help you work through this. That's what they are within for. Really, they are used to questions approaching yours and they will be happy to relief you.
Good luck.
If she supported more than half of your wants she can claim you on her taxes. When you go to folder your taxes it will ask you if someone else can claim you. You will say yes. Then proceed to relay them your income and taxes. Your mom would probably get the better operation if she claimed you anyway.
I do this every year with my daughter. She have a small job but it doesn't exceed the requirements to directory. You as single have to cause less than 5350.00 for your mom to claim you.
if your mom provided more than partly of your support during 2007 and you are under 18 (or lower than 24 if a full time student), she can claim you, and you should let her claim your exemption, since she most plausible needs it more than what it would store you. But you can still file, you newly cant claim yourself as an exemption, you claim zero.
Noonw claims me on taxes.I don;t own anything. No arts school. Made $6000 what would i find pay for.total taken 700?
do i get eic. i claim noone i basically want an estimate of how muchAnswers: go to a library anf capture 1040 EZ. it's like 12 question. get your foot wet and start file.
Is the $700 all for federal income charge, or is that for ALL taxes deducted?
You'd take back doesn`t matter what, if anything, was withheld for federal income rates - see box 2 of your W-2.
If you are at least age 25 but not 65 however, you would get EIC of $428. If you are below age 25, or over 64, you don't get EIC.
Help! deduction related to working out of town!?
I have rent/motel expenses that I am rewarded per diem for, but I cannot find where to put this within on turbo tax...Anyone any planning?Answers: If you were reimbursed, the lone reason these should be showing up on your levy return is you weren't on an "Accountable Plan" and the per diems were shown as division of your pay.
First you must show that you still have a tax home "surrounded by town"--otherwise none of the expenses are deductible. (The idea is that for acting out of town trips, you have lawful business expenses that duplicate your regular living expenses and you haven't been out of town so much that your rates home has moved.) You can use "per diem" for meal, but must have actual receipts for lodging. (I catch scared when you voice "rent" that you moved your tax home.)
Second, why weren't you reimbursed? If you be working as an employee, these flow from 2106 to calendar A and if you have abundantly, can trigger AMT.
If you were a contractor, they flow through the calendar C.
If your expenses were reimbursed, you cannot thieve them as deductions unless your company reports the per diem as income.
Deductions would run on Schedule A. I'm not familiar beside Turbo Tax.
In turbo tax you should be surrounded by the tab marked personal, afterwards deductions and credits, consequently employment expenses. But if you are using the standard deduction instead of itemizing after it won't matter - employment expenses are an itemized presumption and only the amount which exceeds 2% of your used to gross income. If your per diem reimbursement is greater than the actual expenses incurred the overpayment to you is taxable and should be included in your w-2.