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May 16, 2024
7:07
:41
pm
JAGA97
All-American
They will have to include your income in FAFSA regardless. You should claim
them if they live with you for more than half the year and provide more than 50% of their financial support. Won't change their tax situation unless they make over $12,800.
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JAGA97
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JAGA97
Joined
Apr 10, 2008
Last login
Jun 5, 2024
Total posts
23,742 (15 FO)
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Messages
Author
Time
Tax question for those of you who have kids 18 - 25 yrs old.
hoser
May 16, 7:04pm
They will have to include your income in FAFSA regardless. You should claim
JAGA97
May 16, 7:07pm
My son is 18 and will make $13k+ in ‘24. Next year set him free and he can take
wisconsincougs
May 16, 7:10pm
I will qualify this by saying it depends upon the parents income, AND potential
BYU-Ite
May 16, 7:18pm
Agreed.
JAGA97
May 16, 7:20pm
As in all things, it depends. Do they work? Are they in college? How much do
hitechcpa
May 16, 7:12pm
I don’t qualify for the education credits because our AGI is too high. Which
hoser
May 16, 7:24pm
On a related note, in regards to the electric vehicle credit - my AGI is too
hoser
May 16, 7:41pm
If she doesn't owe any tax it won't help her on her taxes. Will need to have the
JAGA97
May 16, 7:53pm
For FAFSA they'll have to include your income unless married or over age 24
wannnacruise
May 16, 7:42pm
Gotcha. So other than possibly earning residency in Utah or something like that
hoser
May 16, 7:52pm
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