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posted Oct 30, 2024 11:12:35 AM

FAFSA and Dependent Filing

Hi There, 

 

My son is in graduate school and is a full time student,  and has accepted FAFSA loans for cost of attendance and living allowance.  He is still covered under our medical insurance and we provide supplemental monies to support him, including car and meals, etc.  

 

Does he still qualify as a dependent.  

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1 Replies
Employee Tax Expert
Oct 30, 2024 11:28:23 AM

Hi Cindytax! 

 

I would need more information to be sure in your situation, but the biggest questions I see in your case is whether your son is under age 24 and whether you provide more than 50% of his support. In general, student loans are considered child-provided support. So if his loans pay for all of his living expenses other than the ones you mention, it's possible he is actually providing more than 50% for himself.

Here is a link to the detailed guidance for dependents from the IRS for you to double check if he meets all of the qualifications: https://www.irs.gov/credits-deductions/individuals/dependents 

I hope that helps!