Resolved Question: What is the better choice, File taxes as a dependent or independent?
Financial Aid was not available due to a federal loan taken out in students name by Identity theft. Then the loan went into default and there is now a hold on the students financial aid with the school due to this.The student paid for the classes with no financial aid.
QUESTION:
If you are not able to receive Federal student Aid at the start of the semester, once the loan is out of default, and federal aid is reinstated can a refund be issued or financial aid received late?
Voting Question: Tax exempt question in response to all my answers?
Ok to quickly recap im a 22 year old college student who claimed exempt and made 13k this year. You all told me this is too much to claim exempt and I will end up having to owe money. Heres my question to these answers, the following year I made 7500 and didn't claim exempt from fed and state tax. I got back all my fed and all my state they took so clearly if your making 7500 you get every thing back so I assume 13k is not much more then that. Does anyone know the cap where you start to owe becuase I know its higher then 7500. I always thought if you used the EZ form which means you make less then 30,000 you would get back all your federal and state but from what I am hearing this is not the case. Also I do pay my own tuition I get a staf loan from government but that only pays for like 1/4. So whats the cap where you don't get all your federal and state back when you file...In my sit my parents don't care if they claim me or if i go indepedent what should I do?
Resolved Question: What is the better choice, File taxes as a dependent or independent?
I went to school from December 2007 to June 2007. I then moved from the dorms to an apartment in June and started a full time job.
In MA we can write off rent on our taxes (up to $3000 according to turbotax).
If I get claimed as a dependent, can I write off rent for the last 6 months of the year and can I write off the interest on my student loans (state or federal)?
I am 22 years old.
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