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March 27, 2021
Question

Why am I not getting any college credit I paid for my 18 college student whom I am claiming as a dependent

  • March 27, 2021
  • 1 reply
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My income is 130 and married filing separate

1 reply

Employee
March 27, 2021

You cannot get education credits when you file married filing separately.   That is one of the many disadvantages of filing MFS instead of filing a joint return.  Sorry.

**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.**
ColeenD3
March 27, 2021

Although there is no one answer since every situation is different, generally filing jointly will give you a bigger refund or less taxes due. When you file separately, your tax rate is higher and you won't be able to claim:

  • Student loan interest deduction

On top of that, if you live in the community property states of Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, or Wisconsin, you have to deal with community property allocations and adjustments, which adds extra work and complexity to your tax preparation chore.