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Get your taxes done using TurboTax
Given her age and that she is a full-time student, it does not make sense for you not to claim your child.
She does not lose anything if you claim her---since she CAN be claimed she is simply not eligible for stimulus checks or education credits. But if you DO claim her you are able to get education credit, the 3rd stimulus check of $1400, and the $500 credit for other dependents for claiming her. And.....you might also be losing the earned income credit, depending on your income, if you do not claim her.
She can (and must) file her own return for her self-employment income. But she has to say in My Info that she can be claimed as someone else's dependent.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎September 28, 2021
9:06 AM