Dependent with Student Loans

PC · ‎February 22, 2019

Our son finished College in May of 2018. We, his parents, are paying for his student loans.

He is living with us, but only received a Gross income of 2665.00 from last quarter of last year.

My question is three fold,

Does he need to file a return, or should he? He paid Fed Tax of $225.00.

Can we, or should we claim him as a Dependent? added note, our combined income is over 160K

Can, or should we claim his higher education interest? added note, our combined income is over 160K.

Critter · ‎June 11, 2019

Does he need to file a return, or should he? He paid Fed Tax of $225.00. He files to get a refund of the taxes withheld ... but he is still your dependent.

Can we, or should we claim him as a Dependent? added note, our combined income is over 160K He is your dependent period.

Can, or should we claim his higher education interest? added note, our combined income is over 160K. Neither of you will get a deduction for the student loan interest in this situation and you can only claim it if you pay it and the 1098-E is in your name.