My children get free tuition in the University of Maryland System. They still have to pay fees. (And I mean they and not we.) Does this arrangement adversely affect their Hope Tax benefits?
Also what if my son goes part-time?
Dick
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Hope credit
Mar 04, 2005
2 Replies
Caution! Read the entire TurboTax entry. If I read it correctly, it says that if your children claim the credit, you cannot claim them as dependents. And vice versa. I guess it means that you would have to pay the fees and take the credit. In that case, dependency is not an issue.
If that's what IT says, then IT is wrong. The credit goes to who gets the exemption, not vice versa.
-- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062
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