I have a few questions regarding this scenario.
1. My son graduated college last May, if I do NOT claim him, I believe he can get some stimulus money back as he is now on his own since June and working. Our AGI will be in the $160K range, we claimed 3 people on husbands W2 (on other daughter in college). Can we NOT claim him, or are we penalizing our return for his sake?
3. If we claimed 3 exemptions, can that be myself, husband (breadwinner) and other college student. It didnt have to be another dependent instead of the breadwinner, correct?
2. Can two dependents claim the American Opportunity Tax Credit? I think so, but phases out at $160k perhaps.
3. If our AGI is not at $160K, can we claim stimulus from last year? Our income is definitely a bit less (we just missed it last year at $165K)
Thank you
