Thank you for the above question and responses. I have two children (teenagers, one in college) that made money (well over $4k), mostly in investment income. Their tax burden if I claim them as a dependent is $5000-$7000 (each). We are over the phase out for most credits. Should I not claim them as a dependent so they can get the full standard deduction and my older child can claim the American Opportunity Credit (and everyone's taxes are easier)?
