May an individual claim a Hope Scholarship Credit for paying qualified tuition and related expenses for other family members?
Yes. An individual may claim the credit for his/her own qualified tuition and related expenses and the qualified tuition and related expenses of his/her spouse and other eligible dependents (including children) for whom the dependency exemption is claimed. Generally, a parent may claim the dependency exemption for his/her unmarried child if: (1) the parent supplies more than half the child’s support for the taxable year, and (2) the child is under age 19 or is a full-time student under age 24.
Related Questions
- The Hope Scholarship Credit may be claimed only for amounts spent on qualified tuition and related expenses. Which expenses are included in qualified tuition and related expenses?
- May both the parent and a dependent child claim the Hope Scholarship Credit for the childs qualified tuition and related expenses in the same year?
- May an individual claim a Lifetime Learning Credit for paying qualified tuition and related expenses for other family members?