Quote:
Originally Posted by samantha  I am a full-time student, are there any special deductibles on taxes for students? |
Dear Samantha,
If you are a full-time student, your parents can claim either an Education credit or a an adjustment for Qualified Tuition expenses.
The choice of claiming a deduction versus claiming a tax credit depends on your parents tax situation, namely their adjusted gross income.
Regards
Tax Guru
