In 2018 I was in school from January to May (4 months) and then graduated, are my parents able to claim me as a dependent?

hmputerbaugh — Sat, 01 Jun 2019 15:26:35 GMT

I was 22 years old when I graduated in May 2018, then turned 23 years old, December 19th.

Yes, if they provided more than 50% of your support for t...

Ashby — Sat, 01 Jun 2019 15:26:35 GMT

Yes, if they provided more than 50% of your support for the year, they can claim you. You only have to be a student for a portion of any 5 months during the year and be under 24 years old.

Not exactly. Yes, if you didn't provide more than half yo...

Hal_Al — Sat, 01 Jun 2019 15:26:37 GMT

Not exactly. Yes, if you didn't provide more than half your own support, for the year.

Graduation year (written for the parent asking that quest...

Hal_Al — Sat, 01 Jun 2019 15:26:39 GMT

Graduation year (written for the parent asking that question)

If he/she was a student (under 24) for at least 5 months and lived with you for more than half the year, and did not provide more than 1/2 his own support for the whole year, you can still claim him. Be sure he knows you're claiming him, so he doesn't claim himself. He can only be claimed once. But, he can "file taxes" without claiming his own exemption.

The real question is who should be claiming him in this "transition" year to adulthood. You two have to agree on who is going to claim his exemption. Each should do their taxes both ways and see which way the family comes out best. Even then, you have to meet the rules. The rule is that a child of a taxpayer can still be a “Qualifying Child” dependent, regardless of his income, if:

1. he is a full time student under 24 for at least 5 calendar months of the year (graduating in May usually means you meet the 5 month rule)

2. he did not provide more than 1/2 his own support (scholarships are considered 3rd party support and not support provided by the student).

3. lived with the parent (including time away at school) for more than half the year

So, it usually hinges on "Did he provide more than 1/2 his own support in 2018.

The support value of the home you provided is the fair market rental value of the home plus utilities & other expenses divided by the number of occupants. IRS Publication 501 on page 20 has a worksheet that can be used to help with the support calculation. See: http://www.irs.gov/pub/irs-pdf/p501.pdf

topic In 2018 I was in school from January to May (4 months) and then graduated, are my parents able to claim me as a dependent? in Get your taxes done using TurboTax

In 2018 I was in school from January to May (4 months) and then graduated, are my parents able to claim me as a dependent?

Yes, if they provided more than 50% of your support for t...

Not exactly. Yes, if you didn't provide more than half yo...

Graduation year (written for the parent asking that quest...