Refundable AOTC

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  • RWG1950
    Senior Member
    • Nov 2017
    • 458
    #1

    Refundable AOTC

    Customer (age 22 & not a dependent) provided more than 1/2 of her own support in 2024, graduated in June & then went to work full-time.
    On the 8863 (line 7) I'm being asked to check a box if customer is under 24 for eligibility
    Of the questions asked, do both parents being alive prevent the student from claiming the refundable portion of credit?
    Thanks for comments..
    Tags: None
    • kathyc2
      Senior Member
      • Feb 2015
      • 1945
      #2
      Not as long as student provided over half of their own support.

        Comment

        • Rapid Robert
          Senior Member
          • Oct 2015
          • 1982
          #3
          Missing an important qualifier - earned income exceeds half of support.
          "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
          "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard          ​

            Comment

            • dtlee
              Senior Member
              • Oct 2005
              • 807
              #4
              These rules are based on the Kiddie Tax rules so they don't follow the rules for dependency.
              Doug

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