Can I File Taxes If My Parents Claim Me?

Can I File Taxes If My Parents Claim Me?

Key Takeaways  Yes, you can file taxes even if your parents claim you. Dependency status does not prevent you from filing or eliminate your filing obligation.  Many dependents are required to file if their...

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Cryptocurrency Taxes Explained: What You Need to Know 

Cryptocurrency Taxes Explained: What You Need to Know 

Key Takeaways   Crypto is treated as property by the IRS. Any sale, trade, or spending of cryptocurrency can trigger taxable events, while income from mining, staking, or receiving crypto is taxed...

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Student Loan Interest Deduction: How Much Can You Really Claim? 

Student Loan Interest Deduction: How Much Can You Really Claim? 

Key Takeaways   The student loan interest deduction allows borrowers to deduct up to $2,500 per tax return, but actual savings depend on income, filing status, and eligibility.  Eligibility requires that...

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