Lifetime Learning Credit

[Bonnie]

Taxpayer has 25 year old son who is a graduate student. Son's only income is a W2 with 1578 of wages. Since son's income under 4000 the father can still claim him as a dependent, even though son is over 24. Is this correct. Son has 1098-T with over 20,000 of payments received for tuition.
According to what I've read the father can claim a Lifetime Learning credit for the dependent son. The only requirement I can find is that must be a dependent for whom the taxpayer claims an exemption. Just doesn't seem right so wanted to run this by others. Thanks

[TAXNJ]

Review

Taxpayer has 25 year old son who is a graduate student. Son's only income is a W2 with 1578 of wages. Since son's income under 4000 the father can still claim him as a dependent, even though son is over 24. Is this correct. Son has 1098-T with over 20,000 of payments received for tuition.
According to what I've read the father can claim a Lifetime Learning credit for the dependent son. The only requirement I can find is that must be a dependent for whom the taxpayer claims an exemption. Just doesn't seem right so wanted to run this by others. Thanks

See if Reference below helps inquiry:

https://www.irs.gov/Individuals/LLC

[Bonnie]

Thanks , yes I had read all that. In my mind I was just questioning the son being 25 and still a dependent and the dad being able to claim the credit. Everything I read says he can. My mind questions it because of the fact you can claim a child til they are 24 and in college. So the age is what I'm hung up on. But yes what I read says he can