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Adult child is salaried, full time and lives at home; can still be claimed as dependent?

Forum|Forum|5 years ago
February 21, 2021
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My child will be working as a salaried, fully time employee (over $30K/year) starting later this year and living at home with us. We still pay all their basic food and living expenses and they don't pay rent. Can we still claim them as a dependent?

Best answer by Hal_Al

So, the crux might be the 5 month Full Time Student criterion. I believe the graduation is in May, but there will be limited instruction in May (if any). It would be a shame if they were actually only in school through April and I miss out one last time on the deduction.

Even 1 day in May qualifies as the fifth month. Even if classes end in April and the graduation ceremony is on May 1, May counts as the fifth month.

For most students, the graduation year is the 5th calendar year of attending school. There is a 4 time limit for claiming the more generous American Opportunity Credit. If you already claimed it 4 times, you may have to settle for the lesser Lifetime Learning Credit (LLC) or the tuition and Fees deduction (TFD).

X

xmasbaby0

Employee

No. If your adult child is not a full-time student and makes over $4300 you cannot claim him as a dependent.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

P

PrethenAuthor

Thanks for your response. Would you mind pointing out the part of the IRS Form/Code that I can read up on that?

X

xmasbaby0

Employee

Try this IRS interactive tool:

IRS interview to help determine who can be claimed:

https://www.irs.gov/help/ita/who-can-i-claim-as-a-dependent

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**