Lisa is 21 years of age and a full-time student living with her parents.She had wages of $680 ($70 of income tax withholding)for 2014.Can Lisa claim her exemption on her return even though her parents will claim her as a dependent on their tax return?
A) Lisa and her parents can both claim the exemption.
B) No one can claim the exemption for Lisa.
C) Yes,Lisa can claim the exemption.
D) No,Lisa cannot claim the exemption.

Question

Quizplus · Accepted Answer

Since Lisa's parents will claim her as a dependent on their tax return, Lisa cannot claim the personal exemption for herself on her own tax return. The personal exemption is only available to taxpayers who cannot be claimed as a dependent by another taxpayer.

Lisa Is 21 Years of Age and a Full-Time Student