Jeremiah is a full-time student, earns less than $30,000 a year, is earning a degree and is a dependent of his parents. Can he claim education tax deductions on his taxes?

Question

Yes, if his expenses are related to his studies and are necessary
No, since he earns too much money to be able to qualify for these tax credits
Yes, since he is a full-time student and earning a degree
No, since he is still a dependent of his parents. They can claim the credit.

Answer 1

The correct answer is:

No, since he is still a dependent of his parents. They can claim the credit.

As a dependent, Jeremiah cannot claim education tax deductions or credits on his own tax return. Instead, his parents, who can also claim him as a dependent, may be eligible to claim education tax credits, such as the American Opportunity Credit or the Lifetime Learning Credit, based on his qualifying educational expenses.