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: 
rogerm84032
New Member

Why dont i get a deduction for my 18 year old full time student living with me full time turbo tax tells me she is over 17 so she does not qualify

 
1 Best answer

Accepted Solutions
Texas Roger
Level 15

Why dont i get a deduction for my 18 year old full time student living with me full time turbo tax tells me she is over 17 so she does not qualify

The only thing she doesn't qualify for after she turns 17 is the child tax credit. She still gives you a $4050 "tax break" which lowers your taxable income and makes you eligible for EIC if you otherwise qualify. If she is a college student, you also may qualify for education tax benefits for qualified expenses paid out of pocket or with loans. You would enter the 1098-T to get them.

View solution in original post

1 Reply
Texas Roger
Level 15

Why dont i get a deduction for my 18 year old full time student living with me full time turbo tax tells me she is over 17 so she does not qualify

The only thing she doesn't qualify for after she turns 17 is the child tax credit. She still gives you a $4050 "tax break" which lowers your taxable income and makes you eligible for EIC if you otherwise qualify. If she is a college student, you also may qualify for education tax benefits for qualified expenses paid out of pocket or with loans. You would enter the 1098-T to get them.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v