Can I claim for my child Education expenses in 2006?
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?
2007-04-02 15:06:04 · 6 answers · asked by kayask06 1 in Business & Finance ➔ Taxes ➔ United States
If your child was a full-time student and under 24 on December 31, 2006 and did not pay over 50 percent of his own support, then the $3,300 income limitation does not apply to your child and you can claim him as a dependent.
If your child is your dependent, you can take any education deductions or credits that you qualify for.
If he pays over half of his own support, then you cannot take him as a dependent and you cannot get any education credits. If your non-dependent child pays educational expenses with money you give him, he can take education credits or deductions on his own return.
2007-04-02 15:14:08 · answer #1 · answered by ninasgramma 7 · 2⤊ 0⤋
If he isn't a dependent, then he can claim the education credit. You can't claim it on his school expenses if he's not your dependent, even if you paid it.
Note that if he's a full time student under age 24, and didn't pay half of his own support for the year, you can claim him no matter how much he made. School expenses count when figuring who paid how much support. If he's 24 or over, then you're correct that you can't claim him if he made over $3300.
2007-04-02 18:34:53 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
If you can't claim your child as a dependent, you cannot claim the education credits or deductions.
However, if your child is a full time college student AND is under age 24 you CAN claim him as a dependent regardless of his income as long as you provide over half of his support and he lived with you for more than half of the year. Time spent away at school counts as time at home for the residency requirement, by the way.
2007-04-02 16:41:41 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
How old is your child. If he is a full time student and under 24, you can still claim him no matter how much he makes. Even if that does not apply to you, you can still claim the expense since you paid it.
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2016-12-03 04:16:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I concur with the above answer. Very good explanation, too.
2007-04-02 15:40:33 · answer #6 · answered by Anonymous · 1⤊ 0⤋