Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-10-2018, 04:02 AM
Junior Member
 
Join Date: Feb 2018
Posts: 1
Student need to file return?

I am a 21 yr. old full-time college student. I had no jobs/income in 2017 and my parents paid my college expenses. I have worked and filed returns for previous years. My parents claimed me as a dependent and took the American Opportunity Educational Credit (8863) on their return.
Do I need to, or should I file a return for 2017?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 02-10-2018, 05:28 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
not really; however, you may need to file your 2017 return for your refund aslongas Federal Income Tax were withheld from your pay on your prior years . however, there is a statute of limitations for filing the claim for refund. A claim for refund must be filed within three years from the time the return was filed or two years from the date the tax was paid, whichever is later. your parents need to file 2017 return for AOC.so if your parents claim your as a dependent, they are entitled to deduct his qualified education expenses and receive the American Opportunity Credit,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Can I Claim F1 Student as dependant on my tax return? amit_msmba Miscellaneous 1 03-18-2016 12:11 PM
Is a gift made from an educational trust on behalf of a student considered income to the student? taxboy9317 Miscellaneous 5 02-15-2014 01:36 AM
Can they hold my tax return because of a federal student loan? collagejen Miscellaneous 1 01-24-2010 11:19 AM
How much does a student have to make before they are required to file a tax return? sahar Filing Requirements 0 11-07-2009 01:10 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.