Thanks - i have too much income for AOTC or LLC. With the elimination of the personal exemption and higher std deduction I will use married filing jointly w/ std deduction (24k) and I don't think i get any benefit having my son and daughter as dependents. They can file for LLC or AOTC or tuition and fee deduction and lower their taxes (both work; my son also graduated in May and worked full time in the summer through Oct). I was thinking the support i provided for them in terms of Room/Board(food) and any tuition could be considered tax-free gift (30K each from their mother and I) and then i didn't support them and they are independent? Not sure what any benefit of claiming them is or how IRS looks at this.
