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What else can I help you with?
Can I claim my college student as a dependent for the year 2017?
To claim your college student as a dependent for the year 2017, they must meet certain criteria such as being under a certain age, living with you for more than half the year, and not providing more than half of their own financial support. Check the IRS guidelines to see if you qualify to claim them as a dependent.
How can I access and fill out the student info worksheet in TurboTax?
To access and fill out the student info worksheet in TurboTax, log in to your account and navigate to the section for education expenses. Look for the student info worksheet and follow the prompts to fill in the required information about your education expenses and any related tax credits.
What is the right age to get a student credit card?
Whenever you start university (or, in America, college), is the correct age to get a student credit card.
Does a parent have to pay for college for eighteen year old?
A parent is never obligated to pay for college. However, if a student is a dependent student, then the federal government will award less financial aid to that student because it assumes that the child's guardians will contribute towards educational expenses.
What is the correct way to punctuate your sister Theresa a college student had a difficult time finding a job?
"Your sister Theresa, a college student, had a difficult time finding a job." You want to separate the phrase 'a college student' as an identifier. If you remove the phrase the sentence still makes sense.
Can a college student that is claimed as a dependent on parents tax form get a refund?
Yes, a college student who is claimed as a dependent on their parents' tax return can still receive a refund if they have earned income and file their own tax return. If their income is below the taxable threshold or if they qualify for tax credits like the Earned Income Tax Credit, they may receive a refund even though they are a dependent. However, the dependent status affects their eligibility for certain tax credits.
Can you insure a dependent if they are over 18?
Yes, generally under certain conditions, (ie, full time college student, disabled, etc).
Where can I get free Canadian tax software?
Turbo tax has 2 free online editions to choose from. They have the TurboTax free online edition and the TurboTax student online edition. Both scored 5 out of 5 stars.
Is it legal to carry a child as a dependent even if they pay all their own expenses?
If they live in your house, legally yes you can claim them. You can also claim a student in college as a dependent up to 21 years of age. So even if your student is paying their entire way, legally they can still be someone's dependent. When the child files their tax returns, they have to put that someone claims them as a dependent, or the IRS may look at why the guardian is also claiming them as a dependent.
A child in a school is called?
student, full time student, dependent
How much money do you get back in taxes for being a college student?
There are other factors, such as how much you earned, whether someone can claim you as a dependent and how much money was withheld.
Are college students responsible to pay for medical expenses if the student is still a dependent of the parents?
If the student is over 18, they are an adult; therefore, if they received medical treatment, they are legally responsible for the bill. The fact that they are a dependant doesn't matter.
