FAQ: Can I claim my own personal exemption if my parents claim me on their taxes?

Question: Can I claim my own personal exemption if my parents already claim me on their taxes?

Answer:

No. According to the IRS, if your parents already claim you on their taxes then you can not claim your own personal exemption. You should check the box on your return indicating that someone else can claim you as a dependent.

For more information visit: https://www.irs.gov/Help-&-Resources

And as always, you should contact your accountant for questions about your specific financial situation.