putting independent or dependent on college application

[platinumike]

Im applying to colleges and one of the questions asked, is if iam independent or dependent. the application says that the IRS considers dependent to mean that you are supported 50% or more by another indivudal. Im not sure what to put, and am confused. I live with my mom , I pay the phone bill(its in my name),i buy my own meals, pay for my own car payments, buy my own books, but Ive been using a prepaid college fund to pay for classes.

My mum says in order for me to dependent i have to display a different address then my mom.

 

[drinkmorejava]

Well, putting independant means the college doesn't factor in any money your mom might have into your financial aid/FAFSA

Course, if you lie the college and/or the IRS might get pissy

 

[mwtgg]

You're dependent until you're 24, married, a veteran, or have dependents of your own.

 

[drinkmorejava]

AHHHH DOUBLE POST

 

[platinumike]

so ill just put dependent cause they wont acknowlesdge my prepaid fund? btw, i dont have financial aid.

 

[mwtgg]

Originally posted by: platinumike
so ill just put dependent cause they wont acknowlesdge my prepaid fund? btw, i dont have financial aid.

Does your mother claim you as a dependent on her tax return?

I misread and thought you were talking about dependency requirements for aid.

 

[newnameman]

You're a dependant.