New Jersey
As a full time junior in college paying about $9000/year tuition and making about $10,000-$15000/year, is it better for me to file my taxes as dependent under my parents, or independent? My parents make a little more than $60,000/year and have very little savings in bank account. I also have a brother so it's a family of 4. My main concern is that if I file independent my parents will lose some of their tax return, but then maybe I'll gain more? Any suggestions please?
As a full time junior in college paying about $9000/year tuition and making about $10,000-$15000/year, is it better for me to file my taxes as dependent under my parents, or independent? My parents make a little more than $60,000/year and have very little savings in bank account. I also have a brother so it's a family of 4. My main concern is that if I file independent my parents will lose some of their tax return, but then maybe I'll gain more? Any suggestions please?