DanaB27
Expert Alumni

Get your taxes done using TurboTax

Yes, you would have to add the information to your return and then make changes afterward or create a test return. 

 

Yes, if you are claiming your child as a dependent then your child cannot claim the Education Credits on his/her return.

 

Also, if you decide to not claim your child as a dependent but he/she can be claimed as a dependent then he/she will have to indicate on his/her tax return that she can be claimed as a dependent but no one is claiming him/her in 2021. 

 

If this applies then your child may qualify for a portion of the American Opportunity Credit. But if your child's income is less than 10K, then he/she is not going to qualify for the non-refundable portion.   

 

A full-time unmarried student, under age 24, whether claimed or not,  is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working.  You cannot be supporting yourself on parental support, 529 plans, or student loans & grants.  You usually must have actually paid tuition, not had it paid by scholarships & grants. 

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