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Hey guys,
I'm claimed as a dependent on my parent's taxes and their income falls in the 300% of FPG rule, but I'm just wondering how the untaxable income for me personally is used to determine eligibility.
I called them and they said that since I don't work and live with parents, to calculate amount of room and board and food costs that my parents would charge me and put that as untaxable income...how does this value get used?
thanks!
*assistant, not assistante...sorry! i was in a hurry
I'm claimed as a dependent on my parent's taxes and their income falls in the 300% of FPG rule, but I'm just wondering how the untaxable income for me personally is used to determine eligibility.
I called them and they said that since I don't work and live with parents, to calculate amount of room and board and food costs that my parents would charge me and put that as untaxable income...how does this value get used?
thanks!
*assistant, not assistante...sorry! i was in a hurry