Q. The savings that I spent from my UTMA account was more than half of my support does that count for paying for more than 1/2 of my support for the year.
A. Yes.
But, as AmyC suggested you should run the calculations on the work sheet. UTMA money is considered your own funds, not your parents. If you provide more than half your own support, your parents cannot claim you as a dependent.
But support from a UTMA is not support from earned income.
There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. 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 (more than half his support from earned income). You cannot be supporting yourself on parental support, UTMA, 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.
