Hi @MinhT1 , My son can be claimed as a dependent (he's 20 and a full time student), but we are NOT claiming him as a dependent. He is filing his own tax return and TT says that he qualifies for the American Opportunity Credit. (He meets all the criteria you outlined below and TT says he qualifies also).
He has $917 of federal taxable income (after deductions), but is only getting $54 of credit. Shouldn't the credit at least cancel out his $917 of federal taxable income?
I understand that he wouldn't get the additional rebate since he 'can be' claimed as a dependent, but I thought it would cancel out his tax liability.
Additionally, he owes $579 in federal taxes, yet his taxable income is only $917. This seems extremely high. Is this because we can claim him as a dependent (even though we aren't)?
Thanks for any help you can provide! 🙂
