Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
svgomez6393
New Member

Im 24 full-time student. I live w parents, work part time. My w2 is more than 6300. they provided more than 50% support, am i dependent? If not, can they claim my 1098-T?

My parents paid my tuition for school and I received one grant. The grant was less than the amount my parents paid. Who would file the 1098-T if I don't qualify as a dependent?

1 Best answer

Accepted Solutions
DoninGA
Level 15

Im 24 full-time student. I live w parents, work part time. My w2 is more than 6300. they provided more than 50% support, am i dependent? If not, can they claim my 1098-T?

If you were age 24 on 12/31/2016 and had gross income of $4,050 or more for 2016, then no one can claim you as a dependent.  You are to old to be claimed as a dependent under the Qualifying Child rules where you have to be under the age of 24 and a full time student and where your income would not be a factor under the rule.  Due to your age you would now fall under the Qualifying Relative rules where your gross income is a factor under the rule.

 Any education expenses and credits would be reported on your tax return.

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.

2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 

3. The person's gross income for the year must be less than $4,050 (social security does not count) in 2016

4. You must provide more than half of the person's total support for the year.

5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.

6. The person must not file a joint return with their spouse.

To be a Qualifying Child -

1. The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

2. The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student or (c) any age and permanently and totally disabled.

3. The child must have lived with you for more than half of the year. Temporary absences while away at college are considered living with you.

4. The child must not have provided more than half of his or her own support for the year.

5. If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child. 

6. The child must be a U.S. citizen or U.S., Canada or Mexico resident for some portion of the year.

7. The child must be younger than you unless disabled.

View solution in original post

1 Reply
DoninGA
Level 15

Im 24 full-time student. I live w parents, work part time. My w2 is more than 6300. they provided more than 50% support, am i dependent? If not, can they claim my 1098-T?

If you were age 24 on 12/31/2016 and had gross income of $4,050 or more for 2016, then no one can claim you as a dependent.  You are to old to be claimed as a dependent under the Qualifying Child rules where you have to be under the age of 24 and a full time student and where your income would not be a factor under the rule.  Due to your age you would now fall under the Qualifying Relative rules where your gross income is a factor under the rule.

 Any education expenses and credits would be reported on your tax return.

To be a Qualifying Relative -

1. The person cannot be your qualifying child or the qualifying child of any other taxpayer. A child is not the qualifying child of any other taxpayer if the child's parent (or any other person for whom the child is defined as a qualifying child) is not required to file an income tax return or files an income tax return only to get a refund on income tax withheld.

2. The person either (a) must be related to you or (b) must live with you all year as a member of your household. 

3. The person's gross income for the year must be less than $4,050 (social security does not count) in 2016

4. You must provide more than half of the person's total support for the year.

5. The person must be a U.S. citizen or a U.S., Canada, or Mexico resident for some part of the year.

6. The person must not file a joint return with their spouse.

To be a Qualifying Child -

1. The child must be your son, daughter, stepchild, foster child, brother, sister, half brother, half sister, stepbrother, stepsister, or a descendant of any of them.

2. The child must be (a) under age 19 at the end of the year, (b) under age 24 at the end of the year and a full-time student or (c) any age and permanently and totally disabled.

3. The child must have lived with you for more than half of the year. Temporary absences while away at college are considered living with you.

4. The child must not have provided more than half of his or her own support for the year.

5. If the child meets the rules to be a qualifying child of more than one person, you must be the person entitled to claim the child as a qualifying child. 

6. The child must be a U.S. citizen or U.S., Canada or Mexico resident for some portion of the year.

7. The child must be younger than you unless disabled.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v