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3 Comments Already

mygif
trh2000_2000 Said,
March 18th, 2014 @10:53 am  

Even if they do or don’t claim you, if you are still a depenent student, you still have to report their income.

Besides, they CAN’T claim you if you are working and earn above a certian amount.

So, other than a tax return, it doesn’t metter.

mygif
Ghost In A Trench Coat Said,
March 18th, 2014 @11:00 am  

Being claimed on your taxes have literally nothing to do with financial aid.

mygif
Juanaquena Said,
March 18th, 2014 @11:56 am  

I believe you are confusing your parents’ income tax deductions and whom they are allowed to list as dependents and who is considered a Dependent for the FAFSA form. You are confusing IRS rules for Federal income taxes and FAFSA rules. They are different.

If your parents can legally claim you as a dependent on their income tax return, then they will do so. That is an income tax question that I am sure they can figure out (and you too) by reading the information in the instructions for completing one of the versions of the 1040 income tax forms. This is the link to the information in the instructions for the IRS 1040 form for 2011 income taxes:
* http://www.irs.gov/pub/irs-pdf/i1040gi.pdf
The info starts on page 15 of the PDF document.

For purposes of the FAFSA, . . .
[Quote]
If you can answer No to all of the following questions, you are considered a dependent student on the Free Application for Federal Student Aid (FAFSA):
* Were you born before January 1, 1989?
* As of today are you married?
* At the beginning of the 2012-2013 school year, will you be working on a master’s or doctorate program (such as an MA, MBA, MD, JD, PhD, EdD, or graduate certificate, etc.)?
* Are you currently serving on active duty in the U.S. Armed Forces for purposes other than training?
* Are you a veteran of the U.S. Armed Forces?
* Do you have children who will receive more than half of their support from you between July 1, 2012 and June 30, 2013?
* Do you have dependents (other than your children or spouse) who live with you and who receive more than half of their support from you, now and through June 30, 2013?
* At any time since you turned age 13, were both your parents deceased, were you in foster care or were you a dependent or ward of the court?
* As determined by a court in your state of legal residence, are you or were you an emancipated minor?
* As determined by a court in your state of legal residence, are you or were you in legal guardianship?
* At any time on or after July 1, 2011, did your high school or school district homeless liaison determine that you were an unaccompanied youth who was homeless?
* At any time on or after July 1, 2011, did the director of an emergency shelter or transitional housing program funded by the U.S. Department of Housing and Urban Development determine that you were an unaccompanied youth who was homeless?
* At any time on or after July 1, 2011, did the director of a runaway or homeless youth basic center or transitional living program determine that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless?
[End quote]
Source: http://www.fafsa.ed.gov/help/fftoc02k.htm

Since it seems like you are earning money and probably worked for pay in 2011, you will need to complete your own income tax return and report that info on your FAFSA, too.

If you wish to get an idea of what the result of completing/submitting your FAFSA with both your and your parents income and other info before you submit the actual FAFSA (Free Applicaiton for Federal Student Aid – http://www.fafsa.ed.gov ), you can use the FAFSA4caster:
* https://fafsa.ed.gov/FAFSA/app/f4cForm?execution=e2s1

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