Hello There, We are filing jointly with an income of > 150K. I would like to know if I will get any tax credit if I claim my son who is a full-time student as a dependent.
1) He is a full time student and supported him for the whole year
2) He lived with me for the whole year.
3) He met the criteria to be claimed as a dependent
4) He is 22 years of age
When I entered the details for him, I did not see any reduction in the tax that I owe so wondering what kind of deductions or credits I am eligible for. I am asking this question to find out if I am making any mistakes in filing.
I was expecting some tax credit hence the question. Please let me know if any additional details are needed
