College dependent gets $500 ctc?

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  • BOB W
    Senior Member
    • Jun 2005
    • 4061

    #1

    College dependent gets $500 ctc?

    I can't understand why on parents return 19 year old college age dependent is getting CTC of $500? Ultra tax software.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    Those 17 and older who are still dependents (such as full-time college students who don't provide >50% support) are Other Dependents and gain their parents $500 as opposed to dependents under 17 who gain their parents $2,000, an amount that looks like it will increase dramatically and add one more age range to the mix.

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    • BOB W
      Senior Member
      • Jun 2005
      • 4061

      #3
      WOW... Thanks for info.. Caught me off guard.......
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

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