03-01-2005, 10:24 PM | #1 (permalink) |
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A taxing question?
OK Im trying to claim myself as a dependant but when I goto file it says that the dependants social security number can't be the same as the filers. How do i claim myself as dependant then...?
Thanks.
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03-02-2005, 10:12 AM | #5 (permalink) |
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I kept reading everywhere and my co workers were telling me that I could take my self as a dependant but they explained it now as it's already taken out just by you filing or somthing. I don't know. My boss took my W2 home and figured the real reason im not getting anywhere near as much back this year as i did last was that I made just too much money. I made roughly 15,000 and they took out a little over 1000 and Im getting about 320 back.
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03-02-2005, 06:25 PM | #6 (permalink) |
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You get to claim an exemption for yourself ($3,100), only if you're not claimed as a dependent on someone else's returns (eg, your parents). That plus the standard deduction will take most of your taxable income away if you only made $15k.
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03-03-2005, 08:02 PM | #8 (permalink) |
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He could look into dropping his refund into a roth, getting the 50% credit, and then pulling the roth contributions out the next day.
That just smacks of abuse, and is sure to be closed up soon.
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