What is the maximum income a full time student can earn and still be taken as dependent on federal tax return?

The maximum amount of earned income that a full-time student can have and still be claimed as a dependent on their parents' federal tax return is $4,400 for the 2023 tax year ($4,300 for the 2022 tax year). This limit includes any income earned from wages, salaries, tips, and taxable scholarships or fellowships. Income from sources such as interest, dividends, and capital gains is not included in this limit.

Additionally, the student cannot provide more than half of their own support for the calendar year. This means that their parents must provide more than half of the student's total living expenses, including tuition and fees, room and board, clothing, and other necessary expenses.

If a student earns more than the maximum amount of allowed income or provides more than half of their own support, they may still be considered a qualifying child for certain tax purposes if they meet other requirements, such as being under age 19, a full-time student, or permanently disabled.