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April 24, 2021
Question

AOC - COLLEGE YEARS VS CALENDAR TAX YEARS

  • April 24, 2021
  • 1 reply
  • 0 views

Hi,

 

My stepdaughter lives with us and this is her scenario:

 

w-2  $34351.00  ,   1098-t    (box1 $8969   box 5 $4344)

 

dob 04/24/1996 ( as of 01-01-2021  =24 years and few months)

 

as of 01/01/2020 did not complete 4 years of college Graduated may 20 2021

 

( IT t took her five years to finish school) never claimed AOC BEFORE

 

one semester in 2021 Jan - May 16 full time student

 

Obviously we can not claim her but her concern is taking longer than 4 years to graduate( 3rd year took her longer than it should)

 

Is  the number of years  an issue because it took her a little longer to complete  education.  will this   disqualify HER  from AOC ?

    1 reply

    Hal_Al
    Employee
    April 24, 2021

    Answered at your other post.

    https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-aoc/01/2227676#M208183

     

    Q. Is  the number of years  an issue because it took her a little longer to complete  education;  will this   disqualify HER  from AOC ?

    A. No. 

     

    What's more likely is that you, the parents, have already used up her allowable 4 times for claiming the AOC.