It depends. For the Kentucky Family Size Tax Credit, your dependent will qualify if they can be considered a qualifying child on the Federal return. Thus if he or she is:
- Under 24, and
- A full-time student (by definition, at least a half-time student for at least five months), and
-
Living with you (being away at school is a temporary absence; your dependent still lives with you) at least 6 months and 1 day, and
- A qualified relationship (son, daughter, stepson or daughter by marriage to biological parent, brother, sister, niece, nephew, grandchild or state-placed foster child)
Then, your dependent is a qualified child and also a dependent for KY. This type of dependent gets two benefits. First is the exemption (not a big benefit as Kentucky only gives $10 per exemption on the tax return). The second is the Family Size Tax Credit, available for families with fairly low income.
There is a third benefit as well that you can claim if your dependent is either a qualifying child or a qualifying relative. (A qualifying relative could be too old to be a qualifying child, for instance. However, if he/she made less than $4050 and you provided more than half of his/her support, you still would have claimed on the Federal Return). A qualifying relative does not count for the Family Size Tax credit, However, since your dependent was a student, you may be able to claim Kentucky educational credits as well. These are based on the American Opportunity Credit. If your dependent attended a KY eligible school, you may receive up to 25% of the amount of American Opportunity Credit from last year, for a potential $625 credit on the KY return.
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