<prompt> Human: So I am new to all these things. My first job was working for my mom at her business she out me on the payroll and everything, but then I went away to college and I am about to start another job. So my question is what does it mean to be claimed by my parent? How will it effect me and my future does it even mean anything. Thanks.  <response>: It means theyve claimed you as a dependent, which will result in a tax exemption for your parents. This means you will not get the tax exemption, so you will pay more for this tax period. Not a big deal, but you probably want to have them not do that anymore at some point. 