I file married, Jointly on my 06 fed return. I paid for my child education expenses in 06, but I can't claim him as a dependent on my return ( his 06 gross income is exceed the $3,300 limitation).
Do I still qualify for the the education expenses deduction?
2007-03-31 04:30:48 · 4 answers · asked by kayask06 1 in Business & Finance ➔ Taxes ➔ United States
If your child was a full time student and under the age of 24 for 2006, you can claim him because the gross income test does not apply for a dependent child. You than can claim an education credit for his college education. You can take the hope credit the first tow years of college and than either the lifetime learning credit or tuition deduction after that depending on your income level.
2007-03-31 04:35:15 · answer #1 · answered by crazydaisy 2 · 1⤊ 1⤋
If your child is a full-time student under age 24, you CAN claim him as a dependent if you provided more than half of his support. His income would not matter in that case. If you can claim him as a dependent, you can claim the various credits or deductions for post-secondary education. If he's in primary or secondary school (K-12) you cannot claim any credits or deductions for educational expenses.
If he is 24 or older and had more than $3,300 in gross income you cannot claim him as a dependent unless he is totally and permanently disabled. If you cannot claim him as a dependent, you are not eligible for any of the education credits or deductions, but he WOULD be eligible in his own right.
2007-03-31 04:54:48 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Exceeding the gross income limit doesn't necessarily mean you can't claim him - he might still qualify as a qualifying child, if he's under 24 and lived with you for over half the year and he didn't provide over half of his own support. Temporary absences away at school don't count as not living with you. If he's 24 or over, then you're right, you can't claim him.
If you can't claim him as a dependent, then you can't take the education credit either, but he can if he can claim himself.
2007-03-31 12:36:25 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Okay now you can claim him as a dependent on your return. See there is a question that asks if you can get claimed by someone else a dependent. When he does his taxes he needs to answer yes to that, then you can get the education expenses...as long as he is in college. If he is not on your return as a dependent you can not get the deduction.
2007-03-31 14:15:49 · answer #4 · answered by lizzy_one 2 · 0⤊ 0⤋