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?
No. Either the parent or the child, but not both, may claim the credit for the child’s expenses in a particular year. If an individual claims the child as a dependent on his/her Federal income tax return for the year, only the individual may claim the Hope Scholarship Credit for the child’s qualified tuition and related expenses. If no one claims the child as a dependent on a Federal income tax return for the year, only the child may claim the Hope Scholarship Credit for the child’s expenses.
Related Questions
- May an individual claim a Hope Scholarship Credit for paying qualified tuition and related expenses for other family members?
- How does a parent claim a Lifetime Learning Credit for the qualified tuition and related expenses of a dependent child?
- Which parent can claim the Child and Dependent Care Credit?