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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, 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:
Graduating in May, even May 1st, usually meets the 5 month requirement
Yes, if your daughter's school consider her to be fulltime during that time then she is considered to be a fulltime student.
"A full-time student is a student who is enrolled for the number of hours or courses that the school considers to be full-time attendance.
To qualify as a student, the person must be, during some part of each of any five calendar months of the year:
The five calendar months do not have to be consecutive"(IRS).
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, 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:
Graduating in May, even May 1st, usually meets the 5 month requirement
OK, thanks. I had put that she lived with me for 1 month on turbo tax, and still received the credit. Odd. Maybe I have one of the exemptions since I am on an overseas military base.
Thanks
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