Tax question ....

Does anyone know anything about the Education Credits (I think they are called the Hope Credit and the American Opportunity Credit)

I have a daughter who is a freshman. I just received a tax document from her school....who gets the tax credit...me the parent...or her the student..and yes, she has student loans.

Just wondering....

not totally sure about that then... im not longer my parents dependent so my school credit goes to me...

and apparently they increased the school credit so theres something i am sure of! LOL

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Posted by Rosie0613

You get the tax credit because she is your dependent. Even if she files her own tax return, she is not eligible because she is listed as your dependent.

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This is true. Once you stop filing with her listed a s a dependent, she'll get the credit.

My Dad used to file with me as a dependent as long as he could cause our combined refunds worked out the best that way and then he would give me the difference that the education credits gave him, cause evenw ithout the credits he was getting more on his return for declaring me as a dependent... if that makes sense...

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Posted by Rosie0613

You get the tax credit because she is your dependent. Even if she files her own tax return, she is not eligible because she is listed as your dependent.

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exactly!

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Posted by Rosie0613

You get the tax credit because she is your dependent. Even if she files her own tax return, she is not eligible because she is listed as your dependent.

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Yup my parents always got the credit until I was no longer a dependent.