who should claim my student
My son lives with me and is a 23 year old student. He had a part time job and made around $10,000 last year. Is it best for me to claim him, or him claim himself? I did give over half of his support.
My son lives with me and is a 23 year old student. He had a part time job and made around $10,000 last year. Is it best for me to claim him, or him claim himself? I did give over half of his support.
Yes, under 24 at the end of the year is the only way to claim. If his birthday happened this year, you can still claim him next year. If his birthday is later this year, you will not be able to claim him. If you qualify for the AOTC education credit, it is much better for you to claim him. Any scholarship money can be manipulated. The IRS has a great brochure that explains how scholarships and tax credits interact.
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