The tuition deduction and education credits follow the dependency exemption. If you claim your son as a dependent, you will claim the tuition deduction or education credit. If you do NOT claim him as a dependent, he will claim the tuition deduction or education credit. He might not be able to claim his personal exemption, however, as probably still qualifies as your dependent. You would just be choosing to not claim him so that he can take advantage of those education tax benefits.--Peter
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M