(Closed) Education Credits and Dependent Status = WAY TOO CONFUSED

posted 8 years ago in Legal
Post # 3
Member
2006 posts
Buzzing bee

Ok I’m not a lawyer, but here is my personal experience.

Once you are claimed as a dependent you give up your right to the “eductional credits.” I use turbo tax and it refused to let me use the educational credits because I had already claimed my status a “dependent.” It sucks because both my mom and I pay for my schooling, but she gets the benefits.

I haven’t filed for this year yet, but it is m first year paying for school completely on my own. I don’t think I get the educational credits though because my parents will probably still claim me as a dependent since I lived under their roof in 2009.

Post # 4
Member
1022 posts
Bumble bee
  • Wedding: June 2010

I’m pretty sure that since your parents are claiming you then they get to claim your educational expenses.  But don’t take my word for it! I’m not a tax advisor!  I’m just going off of what Turbo Tax told me when I tried to enter my education expenses last week.  

Post # 5
Member
1022 posts
Bumble bee
  • Wedding: June 2010

@babyboo–agree, it totally sucks!

Post # 6
Member
1116 posts
Bumble bee
  • Wedding: August 2008

My parents got all benefits from my student loans while they claimed me as a dependent.  It ended up making a bigger difference on their tax return than it would have on mine anyway. 

The topic ‘Education Credits and Dependent Status = WAY TOO CONFUSED’ is closed to new replies.

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