I am not planning to file him as my dependent and he will be filing his own taxes for 2024. He got some scholarships excluding that the fees, boarding etc will cost like 30K per year. So I plan to help him out but he can pay most of what he is earning towards this so that he could get tax credit.
For example:
He pays $2500 of the fees from his pocket and when he files the taxes, will he get $2500 in credit in both the cases?
1. When he owes IRS says $500. Will he get back $2000 Refund?
2. If IRS owes him $500. Will he get back $3000 Refund?
