Quick off the Wall Tax question for parents

<p>Thanks all, that is what I thought.</p>

<p>A correction however; the 6 month LIVING at the same RESIDENCE does NOT apply to college students. I.e. You kid is in college for 8-9 months a year; you STILL can claim them as a dependent.</p>

<p>The other thing I was wondering, which you all answered, was the dollar amount. The academy is claiming $12,500. 2 people can’t claim the same dependent for expenses. So, that answers the question.</p>

<p>But to answer txtwinmom; you can claim your daughter even if she is in the dorms at college. 1 note to worry about however is if she makes any money at a part time job or any other income. As long as it’s below the minimum $3,xxx.00 (Can’t remember the limit right now); you are OK. If she makes more than that, and you want to still claim her, you will have to also claim that income.</p>

<p>Anyway, thanks all.</p>

<p>P.S. I assume that the academy helps the cadets with tax issues; OR is the money they make for the 4 years not considered income and they don’t have to worry about taxes??? Anyone know???</p>