1. Whoever claims the student claims the credit. 2. There is not a separate credit. If your parents home is available, they take you places, pay for insurance, etc then they may still be supporting you. If so, then they should claim you. If they claim you, then they would claim the education credit and get up to $2,500 credit. A student not claimed by the parents, can claim the education credit. Often times, the student does not make enough to get the full credit, often $1,000 or so. Here is the IRS Worksheet for Determining Support. so you can have a chat with your parents. If you have already filed, they won't be able to claim you without amending your return.
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