Can I claim my full-time college student who work and make an income of $7000 in 2024?

[MindyB]

It depends on how old they are. If he or she is under 24, they can make any amount and still be your dependent based on the facts you describe.

However, if they are 24 or older, they cannot be a dependent whether or not a student because their income exceeds the threshold of $5,050 for 2024.

If under 24 and you aren't able to claim them, revisit the entry in the "My Info, Your household" section. Make sure all the interview screens have been completed accurately: 

• Navigate to My Info, Your household, select your child
• Choose "My child", continue and be sure their name, date of birth and proper citizenship is complete. 
• Continue, and answer the question about living arrangements and parents. 
• Continue, and answer any less common situations. Here, make sure "was a full-time student in 2024" is checked.
• Lastly, enter the child's SSN and be sure that "Not valid for employment is printed..." is NOT checked. 

Also, they will not qualify for the child tax credit, but he may qualify for the $500 credit for other dependents, if he or she is a dependent.

Here is some more detailed information: Rules for Claiming Dependents on Taxes

[xmasbaby0]

If your college student is younger than 24 you can claim him as a dependent.   He can file his own tax return to seek a refund of any federal or state tax withheld but must say on his own return that someone else can claim him as a dependent.

[Hal_Al]

There are two types of dependents, "Qualifying Children"(QC) and Other ("Qualifying Relative" in IRS parlance even though they don't have to actually be related). There is no income limit for a QC but there is an age limit, student status, a relationship test and residence test.

A child of a taxpayer can still be a “Qualifying Child” (QC) dependent, regardless of his/her income, if:

1. He is under age 19, or under 24 if a full time student for at least 5 months of the year, or is totally & permanently disabled
2. He did not provide more than 1/2 his own support. Scholarships are excluded from the support calculation
3. He lived with the parent (including temporary absences such as away at school) for more than half the year

So, it doesn't matter how much he earned. What matters is how much he spent on support. Money he put into savings does not count as support he spent on himself.

See full dependent rules at: https://turbotax.intuit.com/tax-tools/tax-tips/Family/Rules-for-Claiming-a-Dependent-on-Your-Tax-Ret...