I paid half my tuition since I work part time and my parents another portion, who should claim education expenses? I’m listed as a dependent already under my parents.
I paid half my tuition since I work part time and my parents another portion, who should claim education expenses? I’m listed as a dependent already under my parents.
Dependents cannot get education credits. If you can be claimed as a dependent on your parents' return, they are the ones who can enter the education credit.
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As the other reply said, the education credit follows your dependency.
Furthermore, the education credit is 60% non-refundable, so your parents are more likely to get a bigger credit than you would.
Furthermore, 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.