I will qualify this by saying it depends upon the parents income, AND potential

May 16, 2024
7:18:23pm

BYU-Ite All-American

tuition credits for the kids in question. Depending upon the parents’ income, they might be phased out of the tuition credits, whereas the kids likely aren’t. It is definitely something to look at in those situations.

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BYU-Ite

Bio page: BYU-Ite
Joined: Jan 9, 2002
Last login: Jun 6, 2024
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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

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