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Unfortunately, no. The only way for you to claim yourself this year is if your parents amend their return and remove you as a dependent first. If you try to file now, your return will likely be rejected.
You can file a tax return as dependent, but you won’t be able to take advantage of many of the credits available to regular filers, and your standard deduction is limited to the greater of $1,100 or your earned income plus $350. So if you had W-2 income of $4,000, your standard deduction would be $4,350 (with a max of $12,550).
he only real reason to file as a dependent in most cases is to reclaim W-2 withholding or pay self-employment taxes.
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Unfortunately, no. The only way for you to claim yourself this year is if your parents amend their return and remove you as a dependent first. If you try to file now, your return will likely be rejected.
You can file a tax return as dependent, but you won’t be able to take advantage of many of the credits available to regular filers, and your standard deduction is limited to the greater of $1,100 or your earned income plus $350. So if you had W-2 income of $4,000, your standard deduction would be $4,350 (with a max of $12,550).
he only real reason to file as a dependent in most cases is to reclaim W-2 withholding or pay self-employment taxes.
No answer given yet!
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