Any accountants/tax people around?

Ladybugmom
on 2/1/07 7:33 am - Lockport, NY
Hi I was wondering if anyone is an accountant or tax prepare or just happens to know the answer to this question. My daughter is 18 and a full time student. I was under the impression that if they were full time students they were tax exempt! So I thought if she paid $450 federal...she would get it back. I did her taxes on the net and it says she is getting $257 for federal and has to pay $122 for state? Just wondering if this seems correct. ~~hugs and well wishes~~ Chris
Anna_M
on 2/1/07 8:16 am - Belleville, IL
Sounds like you are claiming her as a dependant so in this case. You are getting a $2500.00 tax credit on her behalf. If she claimed herself she would get everything back. Check the tax law because with that little income she might not even have to file taxes. Hugs, Anna
Ladybugmom
on 2/1/07 8:26 am - Lockport, NY
If she claims her income after paying back NY state she will still get back $135. I just thought I would check before I submitted it. I did claim her too so I get the good deal! ~~hugs and well wishes~~ Chris
Sexy L.
on 2/1/07 9:36 am - Hordville, NE
Where on line did you go to do her taxes? Hazel
Ladybugmom
on 2/1/07 9:55 am - Lockport, NY
Hazel please do not feel left out! You might not have been there in person but you were definately there in spirit. We thought of you all often! I went under the site taxfreedom.com if you qualify it can be free and if not there is a fee. I am having hers direct deposit in 9 days! Hope this helps! ~~hugs and well wishes~~ Chris
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