2007-02-25 09:02:38 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If they are your dependents, you should be able to take the Hope credit for a child in the first two years of college, or a Lifetime Learning credit after that for a portion of their tuition and fees.
2007-02-25 10:16:06 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
See the IRS Publication below for a complete discussion of available deductions & credits.
2007-02-25 17:08:48 · answer #2 · answered by Tom's Mom 4 · 1⤊ 0⤋
Probably none. I was paying for my daughter's education because she wasn't eligible for grants based upon my income. She was an adult, living on her own, but the government considered her a dependant until age 23 (as far as education was concerned). However, as far as taxes were concerned, I could not claim her or the price of her education on my taxes because she was legally an independant adult. Go figure. But ask a tax expert to be sure.
2007-02-25 17:19:49 · answer #3 · answered by How do I delete this? 2 · 0⤊ 1⤋