Will filing my taxes without my child as a dependent mess up my Federal Student Aid?
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kelly4u2 asked:
I am a college student in Illinois with a 2-year-old son. I let my mother claim both me and my son because I make so little money and didn’t plan on filing. I recently found out that even though I don’t have to file, it’s in my best interest to file because I’ll get all that money back. I’m worried though that if I file taxes and cannot claim my son because my mom did already, that it will change my status on my FAFSA from an independent student to a dependent student. My mom has always claimed me and I’ve still been an independent student, but this would be the first time that I’ve let my mom claim me and my son and then filed for myself. My question is, if I file taxes (since my son has already been claimed and I cannot do so) and complete my FAFSA, will they then look at the fact that I didn’t claim my own son and determine that I’m not an independent student? Should I even file taxes? Please help before I screw myself over!
(Added Note): I take care of my child on my own. I go to school, work and take care of him. My mother doesn’t even live in the same city.
I am a college student in Illinois with a 2-year-old son. I let my mother claim both me and my son because I make so little money and didn’t plan on filing. I recently found out that even though I don’t have to file, it’s in my best interest to file because I’ll get all that money back. I’m worried though that if I file taxes and cannot claim my son because my mom did already, that it will change my status on my FAFSA from an independent student to a dependent student. My mom has always claimed me and I’ve still been an independent student, but this would be the first time that I’ve let my mom claim me and my son and then filed for myself. My question is, if I file taxes (since my son has already been claimed and I cannot do so) and complete my FAFSA, will they then look at the fact that I didn’t claim my own son and determine that I’m not an independent student? Should I even file taxes? Please help before I screw myself over!
(Added Note): I take care of my child on my own. I go to school, work and take care of him. My mother doesn’t even live in the same city.
Is federal student aid taxable?
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I am filling out my FAFSA and was wondering how to calculate income tax?
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sweetheart4 asked:
When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2’s for another few weeks and I want to get my FAFSA done now. Help?
When i get to the point in my FAFSA where it asks to enter the income tax, I entered the amount of income I made in 2007 but it says that that’s wrong. How do I calculate income tax without doing my taxes? I won’t receive my W2’s for another few weeks and I want to get my FAFSA done now. Help?