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Boston Red · 01-19-2008, 12:23 AM

You don't get to take your personal exemption since your parents will claim you as a dependent, but you DO get the standard deduction, which is $5350 for 2007. Essentially, this means that if you file your 1040-EZ, you'll get your $157 back.

01-19-2008, 12:23 AM	#2
Boston Red Member Join Date: Apr 2005 Location: Braintree, MA Posts: 1,945	Re: Taxes You don't get to take your personal exemption since your parents will claim you as a dependent, but you DO get the standard deduction, which is $5350 for 2007. Essentially, this means that if you file your 1040-EZ, you'll get your $157 back.