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February 6, 2025
Question

do i qualify for the education credits if i was a full time student and did not work for the year

  • February 6, 2025
  • 2 replies
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    2 replies

    Employee
    February 6, 2025
    **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.**
    Hal_Al
    Employee
    February 6, 2025

    Only if you are older than 23, married or an orphan.

     

    There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit. 

    You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.

     

    Reference: Line 7 instructions for form 8863.

    https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674