u/LJPR5

I am a college student, under 22, have been a dependent as a qualified child for my mom since forever. Nothing out of the ordinary there.

However, this year, between monthly income I earn for working part-time and internships, etc, I basically don’t “need” my parents support on paper bc in a month I make ~$700, more than $600, which is what my parents give me for rent and utilities (college in LCOL) + they give me an additional $200 for saving/misc (non-living expenses). I do receive SNAP benefits, which I know may count as non-parent support.

Over the Summer though I will be making a lot of money in an internship (will also have a lot of expenses, NYC) + a fall semester internship which also would make me earn about $2.2k a month (back in my college town, again my living expenses are gonna be about $800 bc I won’t receive SNAP).

I guess, my question is, because I really take the money my parents give me as money for savings and investments, even though it’s meant for living expenses, is that money considered “support” for tax purposes, if again, I could “live without it” (would rather keep it to pay tho)?

I want to know this ASAP because if I weren’t a dependent, I can file a Form W-4 to both my employers as I would be able to take the AOTC; driving my tax liability to $0 and getting a refund which I can use to pay off state taxes.

Thanks!

Hi everyone,

I’m currently a Junior at a non-target state school. We have a very large student managed endowment (wayyyyyy over $10M, 8-10 analysts per semester) in which I’ve been an analyst for the last two semesters, performing valuation models, ER reports (initiating/continuing) and pitch presentations. I’ve been the sole analyst for a sector in which our holdings exceed $3M and I’ve had the chance to review all and pitch new holdings

I also have a Business Valuation internship for the summer lined up at a large accounting and consulting firm, and I will also be doing a Valuation internship for a small investment bank next semester. At the same time I will be with working with another endowment fund in my university as a FI analyst.

I want to be in NYC post grad. My summer internship will be there but FT pay is not looking too good, so even if I get a return offer, i don’t think i’ll take it.

I have a broad range of options I would like to work in (Fixed Income, Equites, Valuations, Asset Management, Inv Banking, etc…). I still don’t know what it is that I love but I have enjoyed all my experiences within Finance in and out of the classroom.

I guess my question is, how do I approach recruiting FT in NYC with no connections, although my resume will be looking IMO pretty strong? I want to be able to work in NYC in an interesting industry and clear at least $110k my first year (to live okay, pay off student loan debt, and invest)

Any words of wisdom will be appreciated