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If we paid my son's college tuition with his 529 plan, do we claim anything in our taxes?
Here's the situation:
- Freshman year, first time filing taxes with my son as college.
- He didn't make enough money to file his own taxes, so we weren't planning to.
- We are claiming him as a dependent on our married filing jointly taxes.
- We paid his tuition with our 529 plan.
- He also received scholarship money from the university.
How do we claim any or all of this? This is all new territory for us, and we're trying to make sure we get it right.
Thanks!
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‎June 6, 2019
1:02 PM