- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Another question parents answer wrong on their tax return also, is this one:
Did the STUDENT provide more than 50% of THEIR OWN support?
Many parent's mis-read that question and incorrectly answer yes. Be aware that third party income does not count for the student providing their own support. That would be things like scholarships, grants, 529 distributions, gifts from Aunt Mary, money from mom and dad, etc.
‎July 20, 2020
6:56 AM