I put my child in as other depend and I don’t think it’s giving me the right amount!

Forum|Forum|7 years ago
June 6, 2019
2 replies
1 view

No text available

TurboTax Free Edition Online

Best answer by xmasbaby0

If your 20 year old son was a full-time student in 2018 then you can claim him as a dependent. You should get the $500 credit for other dependents for him--as already noted above. You can also enter his education expenses on your own tax return--so if he has a 1098T enter it on your return.

Go to Federal>Deductions and Credits>Education>Expenses and Scholarships

The amount of money your son earned while he was a full-time student does not affect your tax return., nor do you enter it on your return. He can file his own tax return in order to seek a refund of tax withheld, but he MUST say on it that he can be claimed as a dependent on someone else's tax return.

X

xmasbaby0

Answer

Level 15

If your 20 year old son was a full-time student in 2018 then you can claim him as a dependent. You should get the $500 credit for other dependents for him--as already noted above. You can also enter his education expenses on your own tax return--so if he has a 1098T enter it on your return.

Go to Federal>Deductions and Credits>Education>Expenses and Scholarships

The amount of money your son earned while he was a full-time student does not affect your tax return., nor do you enter it on your return. He can file his own tax return in order to seek a refund of tax withheld, but he MUST say on it that he can be claimed as a dependent on someone else's tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

X

xmasbaby0

Level 15

Look on line 12a of your Form 1040. The credit reduces the amount of tax you owe--it is not a refund.

https://ttlc.intuit.com/questions/4499708-what-is-the-500-credit-for-other-dependents-family-tax-cre...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**