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Get your taxes done using TurboTax
Yean, that "lived with the parents" tends to get a bit grey after the freshman year. I've seen cases where a college student was basically "thrown out" of the household and the parents refused to provide any help at all. However come tax time, the parents qualified to claim the student, did claim the student and all the education tax credits, and because of the rules, the student couldn't do anything about it. In cases such as this, when the student is audited years later, they end up paying back credits, plus fines, penalties, and interest. It's not right, but it's the law. In my younger years, I thought laws were meant to be morally right. Nowadays I know it's not the truth that matters... it's what you can prove in a court of law that matters, truth or not.
‎June 4, 2019
8:01 PM