American opportunity tax credit

Forum|Forum|6 years ago
January 28, 2020
1 reply
0 views

Hello,

My daughter is currently a freshman at the college and I won't to take advantage to American Opportunity tax credit. I haven't filed 2019 tax yet but when we do I will file married joint return and our income will be less than $160000 this year, we also claim our daughter as a dependent. Also, my daughter worked part time in 2019. Should I apply for AOTC or should I have my daughter file her own tax and file for AOTC?

Thank you,

Nick

Not A Product Question

Best answer by MayaD

Yes, your daughter qualify as your dependent so you will claim her on your Tax return and you will claim the AOC.

For the second part of the question, your daughter does not need to file a return but she can file to receive a refund if she had any income tax withheld . She will check the box that someone can claim her as a dependent.

MayaD

If you are claiming your daughter as a dependent and she is only filing a return to receive a refund, she can't claim the education credit. You will report form 1098-T on your return and claim the education credit.

If you are not claiming your daughter as a dependent, she can report Form 1098-T on her return and claim the education credit.

Most probably you are in a higher tax bracket and you would benefit more from the AOTC.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

ns4Author

To make sure I understand this correctly you are saying that I can claim her as dependent (she is 18 years old) and file for AOTC and she also needs to file her own tax since she worked part time even though she probably made less than $5000 in 2019. Please confirm.

Thank you