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Deductions & credits
Why do you not want to claim him? What tax benefit do you think he can get?
With the tax law change, effective 2018, most students will get the same refund whether they claim themselves or not. The personal exemption has been eliminated and the standard deduction increased. But, the parent has to give up the $500 other dependent credit and maybe the earned Income Credit.
The Education credit may also be better if the parent claims it.
‎January 28, 2023
10:04 AM