Who benefits more from claiming a college student: parent or student?

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  • #108924 Reply
    Elizabeth

      You can claim him as a dependent (assuming he meets the criteria) AND he can file his own taxes and check the box that someone can claim him as a dependent.

      It is not an either or situation.

      There are no deductions for education expenses, but there are some possible tax credits like the American Opportunity Tax Credit.

      There are income limits for this. Depending on your filing status, you may or may not be over the limit.

      #108925 Reply
      Cecile

        Can you have a tax professional review your 2023 income tax returns? I thought that if you were providing more than half of the support for him then you can claim him as a dependent.

        He needs to file an income tax return and note that he is a dependent on another person’s income tax return.

        #108926 Reply
        Elizabeth

          If he meets the criteria as a “Qualifying Child”, then there was no Income limit for him, so that part seems strange. The Income Test only comes into play for a “Qualifying Relative”.

          Note: Being away for college still typically counts as “living with you”.

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