I am unable to claim my son as a dependent this year as he is only a part time student, is over 19 years old, and made more than $5050 in 2024. I have a few questions regarding his 1098T form.
1098T
Box 1: $12,278 (parents paid tuition)
Box 5: $1,000 (scholarship)
Box 8: checked, half-time student
Question #1: Just to double check, since I can't claim my son as a dependent, I cannot include the 1098T on my taxes, correct?
Question #2: If I include the 1098T on my son's taxes, he is eligible for the American Opportunity Tax Credit. However, he only had $51 withheld in taxes for 2024. Including the 1098T on his taxes gives him a $1,051 refund. Is this correct or am I missing something? Getting a refund larger than the amount withheld seems odd. Thanks.
