For a while now I’ve been pondering over the decision of what to do with my “economic stimulus” money.
Well, today was the day I would have been getting it. When it hadn’t yet appeared, I hopped on the IRS Website and used their Where’s My Moolah thing…
And realized…
That duh, with my parents still claiming me on their taxes… since it gives them a huge tax break I let them do so even though I’m actually financially independent other than sharing their roof…
I get no monies.
UPDATE: Want to hear something interesting?
My parents don’t get any money for me, because I’m over seventeen. I get no money, because I’m a dependent, despite the fact that I filed my own tax return with big enough numbers on there that I could have been in my own place the whole time.
And, it really sucks is for situations like one of my sister’s; she’s raising her bum best friend’s kids. There’s a son who just turned eighteen and graduates high school tomorrow. He doesn’t have a job. He’s truly a dependent. But he’s over seventeen… so does my sister get any money for him? Nope.
May 20th, 2008 at 9:16 am
I too let my parents claim me as a dependent for far too long, and looking back now, I really regret it.
Cut yourself loose!
May 20th, 2008 at 10:05 am
@ Michael Yeah I know. I’m saving money like a nut from here on out. I think I’m finally really getting to that point where I’m ready on all fronts.
At least with my parents and the tax thing, I get figure up my taxes both ways, and they pay me the difference in my refund. They get a nice tax break out of the deal and this year they’re giving me almost $600 in refund money I would have gotten if not claimed. Mom’s theory on it is, if she has to give money to SOMEONE, she’d rather give it to ME than the IRS.