Can I be claimed as a dependent on my parents’ tax return?
Asked by: vdlicata
I’m 21 yrs. old and and living with my parents. I stopped going to college for more than a year now and have a full time job and I earn approximately $ 16000 annually. I’m paying for my car insurance which is included with my parents’. They asked me to pay them $ 200/month while I’m living with them (and that includes the insurance money.
My question is, will I still be claimed as a dependent on my parents’ tax return for 2012? When I filed my tax return for 2011, I was claimed as dependent on theirs and on that time I was still a full-time student and working part-time. I read some stuff on the internet about being full-time student for your parents to still claim you on their tax return. I am so confused, please help. Thanks a lot!