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| *Loan,banking and credit>>>income tax |
I am an independent student, but my boyfriend can claim me on his taxes, do I need to list his income? |
I am 27, so I am considered an independent student on the FAFSA. I indicated that I won't be filing a tax return, which I personally will not, but my boyfriend can legally claim me on his tax return since I had no taxable income (only child support). I am not sure if I need to include his income, there is no place for it on the FAFSA. Technically you can not claim his income on your FAFSA, it is a loophole that I see a lot of couples use. You will have to claim the child support and any other value or cash value of support you receive (if he pays your car payment or insurance). I am not sure how your boy friend can claim you as a dependent; that's a new one on me. The only possible area where there may be an argument is if your boy friend is paying for your room and board while you are in school. It would be wise for you to ask a tax advisor. If you are independent and make over $600 per year (I think), you are supposed to file a tax return even if you have no taxes to pay. You would just include your own income. Since you are 27, you are considered independent for financial aid, and will only need to report your income. I know it is very confusing. Your file might be flagged for verification, because they will be suspicious as to why you are not filing and not making any money. So, if your fin aid department contacts you for verification, then you can explain how your bf provides for a lot of your living expenses, etc. and you did not need to file this year. my own experience with fin aid-I was an independent college student too |
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