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For most student freelancers, their parents are helping pay for their living expenses, food, clothing, and schooling, and are living at home, which meets most of the tests required by the IRS. If your parents can claim you as a “qualifying child” or dependent, then you must note this on your taxes as well. Being claimed as a dependent affects your “standard deduction” on your taxes (line 40-2009). This is why it is important to accurately report to the IRS if you are a dependent. Since you are not employed by a company who takes taxes out of your paycheck every payday, you are still responsible for such things as Medicare and Social Security. This is where self-employment taxes come in. The IRS has a separate form, called a Schedule SE, in which everyone who claims to be self-employed must fill out to determine their tax liabilities. Once filled out, this will be reported at half the amount on your 1040 form. This is where your income and expenses come together. This form, a Schedule C, is required of most businesses. Stating your income and deducting your qualifying expenses will leave you with your net profit or loss, which is then reported on your 1040 as business income. Yes, as a student you can claim these expenses and benefits on your taxes. Although most of the time you will not have to pay taxes on these things especially if you received more financial aid than you used, it is best to still report it. Unless your parents report it on their taxes, you should take your 1098 T that your university sends you and report it on your taxes.