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March 3, 2021
Question

If I paid for my own education expenses, but can be claimed as a dependent on my parents' taxes, can I be eligible for an education tax break?

  • March 3, 2021
  • 1 reply
  • 0 views
Lives at home, loan and payments are in her name, full-time student

1 reply

KrisD15
March 3, 2021

No, 

the taxpayer that claims the student as a dependent claims the education credit. 

 

Furthermore, the credit is usually worth little-to-nothing for a student that has little or no tax liability. 

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