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  #31  
Old 02-03-2010, 11:42 AM
dynalow's Avatar
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Quote:
Originally Posted by TheDon View Post
heh I pay my own bills, buy most of my own food, cover my insurance and gas.. so I got screwed
The key questions to consider are: Do you pay your parents anything toward the household expenses they provide (room and board)?
Do you pay the college tuition all yourself?
Add it all up. Do you pay more than 50% of all expenses incurred for your "support"?
Viewing it as a "family unit", your exemtion gets a bigger bang for the buck on their return rather than on yours. (Their marginal bracket is likely higher than yours). Most kids in college f/t stay on parents' returns until they graduate or reach age 24.

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  #32  
Old 02-03-2010, 06:37 PM
pawoSD's Avatar
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Join Date: Oct 2004
Location: Grand Rapids, MI
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Quote:
Originally Posted by TheDon View Post
heh I pay my own bills, buy most of my own food, cover my insurance and gas.. so I got screwed
But you didn't from BIRTH through probably fairly recently, so I am sure your parents are well entitled to the $$ they get from claiming you. Maybe they should give you an invoice for the cost of getting you to where you are.

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