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Exceed AGI requirements for AOTC
We do not meet AGI requirements for AOTC for our daughter first year of college. Does it make more financial sense for her to claim AOTC credit on her taxes? We did claim her as dependent on our taxes in 2023 and were planning to do the same in 2024 (not sure what implications this has). This is our first year dealing with college student on taxes. Our daughter does have a part time job but overall annual income is very low.
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‎January 19, 2025
3:36 PM