- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi - thanks so much for the response and clarity.
We did not want to claim him as a dependent as he has excess scholarship money (that was just used for Room and Board) and a few small W-2's that make his MAGI high enough that when we put it in for the 1095A info. - it dramatically increases our amount due. Even without us getting the $500 dependent credit for him, the total amount due if we file seperately is significantly less than if we claimed him as a dependent. I do realize he won't qualify for the stimulus payment on his return, but thanks for mentioning.
Let me know if you think this all sounds above board, I just didn't want to raise any flags and I was concerned about putting 100% in for us on the 1095A as that also makes a significant difference in our amount due if I were to put in a lesser percentage.
Would love to get this done today - hope you can help me again.
Thank You!