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Summer Job For Student

Marsha Said:

Summer job, student Filing taxes, Family.. help?

We Answered:

The income doesn't get added to your parents tax return, but since you are part of the household, it's household income and might affect your subsidy for your apartment depending on what type of subsidy it is. Your income could also affect your financial aid since you have to report it on your FAFSA form.

"exempt" is OK on your W-4 if you'll make under around $5700 for the year.

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