Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
What do I do if my parents claim me as a dependent on their taxes yet I made over $5,950 this past year? If my mom or dad claim me as a dependent on their taxes is it possible to file my own taxes as well? I made over $5,950 this year and want to know if whether or not I can. I'm 19 years old and live on campus. Can we file for both?