The Bros are a loosely affiliated collective of super secret ninja assassins who prey upon BMC drinkers and elderly clowns. #8 LaneMeyer, Mar 9, 2012 Paul68 likes this.
You may not qualify for a full standard deduction if your parents can claim you as a dependent on their return. In that case, your standard deduction is limited to the greater of $1,000 or your earned income for the year plus $350, but not more than the regular standard deduction amount.
ONLY the custodial parent can claim: 1  head of household filing status due to that child. 2  earned income credit due to that child. 3  the credit for child and dependent care expenses. 4  the exclusion for dependent care benefits (i.e. from the W-2 form). If a parent can claim the child as a qualifying child but no parent does so claim the child, the child is treated as the qualifying child of the person who had the highest AGI for the year, but only if that person s AGI is higher than the highest AGI of any of the child s parents who can claim the child.