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January 28, 2023
Question

When my parents claim me as a dependent how does that effect my return? i thought i would be getting all taxes paid back?

  • January 28, 2023
  • 1 reply
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1 reply

VolvoGirl
Employee
January 28, 2023

Depends how much your income is.  You can still owe tax.  And you get a lower Standard Deduction.  

The Standard Deduction for an individual for whom an exemption can be claimed on another person's tax return is limited to the greater of:

…..$1,100 or

…..Your earned income for the year + $350 (but not more than 12,950)

 

So you would get a minimum of $1,100.



 

 

Critter-3
January 28, 2023

First the SS & Medicare taxes are never refunded.  And the fed/state withholdings may or may not be fully refundable so complete the return to see how that washes out.