WebDec 15, 2024 · Tax Breaks for College Students. One advantage of filing taxes as a student is that you may qualify for education credits or deductions. Two types of tax credits exist for college students or people who claim students as dependents. The American Opportunity Tax Credit. AOTC is available to some students or parents of students. To … WebQuestion, parents claim college students under 24 on their return. One is 20 and the other is 23. The 20-year-old earned 7,900 and reported on a W-2. They both had 1098-T and parents are reporting the 1098-T. Do the parents claim the dependents earned income on their return as other income? Also, each student received a 1099-Q. Under parents ...

Dependents Internal Revenue Service - IRS

WebUsually, you can't claim your child as a qualifying child unless he's under 19 years old at the end of the year. However, if he's a full-time student, the age limit gets bumped up and you can ... WebAnswer (1 of 3): You do not have a choice if your parents claim you as a dependent. That’s based on whether they paid for at least half of your expenses in 2024. Generally, if your … greene county dump

Parent or Child: Who Gets Student Tax Credit? Credit

WebUndergraduate students or their parents (if the student is a dependent) Anyone taking higher education classes (undergrads, graduate students, vocational students, etc.) … WebOregon: courts can order college support until the child reaches the age of 21. South Carolina: courts can order college support for up to four years if the child cannot … WebJoe is 20, single, not blind, and a full-time college student. He doesn’t provide more than half of his own support, and his parents claim him as a dependent on their income tax return. He received $200 taxable interest … fluentunexpected license problem exiting