in Education
You'll need to sign in or create an account to connect with an expert.
If you *can* be claimed the you are not eligible for the stimulus.
Nothing requires a parent to claim a dependent, but if they CAN claim the dependent then the person cannot claim them-self - tax law does not allow that. That is why there are two questions "CAN you be claimed by another tax payer?, and WERE you claimed?
Yes to the first means you cannot claim yourself, no to the second might allow you to claim certain educational credits that usually only the person claiming you could claim.
The rule, in both cases, is not whether you are claimed as a dependent, it's whether you CAN be claimed.
In addition, a full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants. It is usually best if the parent claims that credit.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
awpritzlaff
New Member
in Education
ThiffanyChloeHarrison
New Member
in Education
yazizmech90
New Member
cscro1204
New Member
LORETTA-GALLEGOS7
New Member
in Education