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My client has 2 sons that turned 21 and 24 in 2017. The 21
My client has 2 sons that turned 21 and 24 in 2017. The 21 year old has college tuition of $7,556 the 24 year old has tuition of 771. The 21 year old has W-2 income of $10,900 the 24 year old has inco… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Do not answer this if you are not Daloisio. I am willing to
Please do not answer this if you are not James Daloisio. I am willing to wait. Thank you for understanding...My son is in college, and did his first internship the summer of 2017. In years past, when … read more
James Daloisio
James Daloisio
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Doctoral Degree
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Question about education credit. It seems either “34/Tuition
Question about education credit. It seems either “34/Tuition and fees. Attach Form 8917” or “ 50/ Education credits from Form 8863” may be claimed, but which one may give more credit?My child worked i… read more
emc011075
emc011075
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IF A TAXPAYER QUALIFIES TO BE SOMEONE ELSES DEPENDANT BECAUSE
IF A TAXPAYER QUALIFIES TO BE SOMEONE ELSES DEPENDANT BECAUSE WAS A FULL TIME STUDENT IN 2014 AND IS 19 YRS OLD AND LIVED WITH THEM ALL YEAR, BUT EARNED OVER HALF OF WHAT TAXPAYER WHO CLAIMS THEM, THE… read more
Stephen G.
Stephen G.
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I paid for tuition etc. for my daughter, aged 26, who qualifies
I paid for tuition etc. for my daughter, aged 26, who qualifies as a dependent except for her earnings which exceed $8,000. There is a form 1098-T showing $2,000 in tuition expenses and zero in grants… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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My 22 year old son is in his final year of college and the
My 22 year old son is in his final year of college and the college fund has run dry. Tax-wise, would it be better to pay his tuition or to gift him the money for him to pay? Our AGI was approximately … read more
Phillip B, EA
Phillip B, EA
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Our 20yr. old college student daughter wants to attend college
Our 20yr. old college student daughter wants to attend college in Alabama. she will live with friends there but we want to claim her as a dependent as we will pay for her tuition,cat,insur,food, etc. … read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,670 satisfied customers
I HAVE A CLIENT THAT PAID 20,000 FOR TUITION FOR HIS SON IN
I HAVE A CLIENT THAT PAID 20,000 FOR TUITION FOR HIS SON IN 4TH YEAR OF COLLEGE. hIS SON EARNED 25,000 . WHO IS ENTITLED TO THE TUITION DEDUCTION. HIS SON WILL FILE HIS OWN… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
my 19 year old son goes to Radford University on a baseball
my 19 year old son goes to Radford University on a baseball scholarship. I received a 1098-T form for $12,200.00plus he got a W-2 form from Greenbrier Christian Academy for $800.00 and $15.00 federal … read more
Wallstreet Esq.
Wallstreet Esq.
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Doctoral Degree
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I am a CPA doing a federal return for parents with a 16 year
I am a CPA doing a federal return for parents with a 16 year old son who is super smart and was allowed to attend Delaware Tech for IT purposes and the parents paid $815.00 in tuition for him. When I … read more
RD
RD
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Master's Degree
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If a student takes out a student loan can the parents deduct
If a student takes out a student loan can the parents deduct the tuition amount on their taxes… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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I paid university tuition and fees for my son, but I do not
I paid university tuition and fees for my son, but I do not claim him as a dependent on my 1040. His mother, my ex-wife, claims him. Can I file form 8863 to receive an education credit for the tuition… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,512 satisfied customers
A CLIENT IS 24 YEARS OLD, A GRADUATE STUDENT IN 2009. HE MAKES
A CLIENT IS 24 YEARS OLD, A GRADUATE STUDENT IN 2009. HE MAKES 10,000 IN 2009. IT'S MORE ADVANTAGEOUS FOR HIS PARENTS TO CLAIM HIM AND CLAIM THE ED. CREDIT. BUT WHAT I UNDERSTAND IS THAT BECAUSE OF HI… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Our 19yr. old son graduated from a tech school is Sept. He
Our 19yr. old son graduated from a tech school is Sept. He started his new employment in Nov. Purchased over 8,000. in mechanic tools so far. We will be claiming him this year yet. Next year we can no… read more
Jesse Handel
Jesse Handel
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I was hoping to receive a little clarification. First, a little
I was hoping to receive a little clarification. First, a little background information. I'm 22 years old and graduated college in June. I lived with my parents for the first half of the year, until Ju… read more
TaxMomNJ
TaxMomNJ
Tax Advisor
Associate Degree
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CAN I CLAIM HEAD OF HOUSEHOLD IF MY PARENTS FILE TAXES BUT
CAN I CLAIM HEAD OF HOUSEHOLD IF MY PARENTS FILE TAXES BUT LIVE WITH ME, OUR 90 YEARS OLD AND PAY HALF OF EXPENSES. ALSO, I HAVE A GROWN SON WHO LIVES WITH ME IS UNEMPLOYED AND COLLECTED UNEMPLOYMENT … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My son is only 14 months, how does that work Also, I live
My son is only 14 months, how does that work? Also, I live with my parents and pay them for my car and car insurance bills. What happens if the other parent claims my son before I have a chance to do … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My son lives with me approximately four days a week with me
My son lives with me approximately four days a week with me and sees his father two or three days (depending on his work schedule). He does not pay me actual child support, he pays for a cellular for … read more
Merlo
Merlo
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