If my child is 26 year old full time student, she has 8000 scholarship but her tuition is 25000, can I claim her as a qualify relative. I support her more than 50%. Thanks. Ad
Yes, if she has less than $4200 of income.
Her $8000 scholarships are not considered income because it was all used for qualified educational expenses.
There are two types of dependents, "Qualifying Children"(QC) and standard ("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, a relationship test and a residence test. Only a QC qualifies a taxpayer for the Earned Income Credit. Your child is too old to be a QC.
A person can still be a Qualifying relative dependent, if not a Qualifying Child, if he meets the 6 tests for claiming a dependent:
In either case:
Yes, if she has less than $4200 of income.
Her $8000 scholarships are not considered income because it was all used for qualified educational expenses.
There are two types of dependents, "Qualifying Children"(QC) and standard ("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, a relationship test and a residence test. Only a QC qualifies a taxpayer for the Earned Income Credit. Your child is too old to be a QC.
A person can still be a Qualifying relative dependent, if not a Qualifying Child, if he meets the 6 tests for claiming a dependent:
In either case: