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Get your taxes done using TurboTax
Hi. I have a question. So, I know you said that the student could make a million dollars and still be claimed by their parents, however, how would that pass the not paying more than 50% of their own living expenses? I only ask because, while my 19 year old daughter is a full time student, she also works full time. She made about $26,000 last year. She pays her own expenses, except for cell phone, auto insurance, and health care, which we pay. She pays her own $500 per month rent, her food, gas, and other expenses. Her schooling is paid for with grants and loans, but that's only about $8000 per year. How could I say that I pay more than 50% of her living expenses if I had to prove it?
Thanks,
Jennifer
‎January 25, 2022
10:40 AM