Author Archives: Mark Randall

One of the common myths surrounding taxes is that “students are exempt” from paying taxes. If you have a student in your house – or in college – who is gainfully employed, they need to file an income tax return. Regardless of their student status they are subject to taxes on the income they earned. Additionally, when it comes to your student/child, if he or she is employed the myth is that you can’t still claim him or her as a dependent. If you have provided more than 50% of your child’s support he or she still qualifies as your dependent and you can continue to claim them on your tax return. Continue reading →