Financially independent definition
Financially independent means a person who has not been and will not be claimed as an exemption for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C. § 152) by another person, except his or her spouse, for the most recent tax year.
Financially independent means a person who has not been and will not be claimed as an exemption for federal income tax purposes under Section 152 of the Internal Revenue Code (26
Financially independent means a person who has not been and will not be claimed as an exemption, and has not received and will not receive financial assistance in cash or in-kind of an amount equal to or greater than that which will qualify him or her to be claimed as an exemption, for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C. § 152) by another person, except his or her spouse, for the current calendar year and for the calendar year immediately prior to the date of matriculation or the date a person applies for reclassification as a resident student as provided in these regulations.
Examples of Financially independent in a sentence
Financially independent full- time students must be able to demonstrate that they are not claimed as a dependent on anyone else's tax return and show financial self-sufficient status by means of verifying documentation such as tax returns and W-2s, and additional information to demonstrate financial independence.
More Definitions of Financially independent
Financially independent means a person who has not been and
Financially independent means a person who has not been and will not be claimed as an exemption, and has not received and will not receive financial assistance in cash or in-kind of an amount equal to or greater than that which will qualify him or her to be claimed as an exemption, for federal income tax purposes under Section 152 of the Internal Revenue Code (26 U.S.C.-