Is it better to claim child as a dependent if they are a college student?
I have a 21 year old daughter who is going to college. Last year I claimed her as a dependent and took the credits for her schooling. She works a part time job, but I cover her insurance and pay for food and medical needs. Is it better for me to claim her as a dependent or for her to claim herself? I want to get the best deal for both of us.