Must-know tax season tips for families with college students
Fox News
Elements of filing taxes such as dependency status, education tax credits and state residency are important for college students and their parents to carefully review.
"College students need to be very careful that they understand whether or not their parents are eligible to claim them as a dependent," says Tom O’Saben, director of tax content and government relations at the American Association of Tax Professionals. Merely not claiming a dependent does not make that taxpayer independent, he says.
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