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Tax Exemption Clarification for Dependent Fontbonne University  Form

Tax Exemption Clarification for Dependent Fontbonne University Form

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yes we know it's only March and you think you have time but tax day will be right up on you before you know it you have questions we have answers Bank of Hawaii's herb wheatman here to answer some questions okay so we got your questions from Facebook and I'll throw them at herb and we start with this one the first select question herb is from Mary she asks I am head of a household and my daughter is 23 years old how long can I claim her and her University tuition on my taxes well the good news is you can still claim your daughter as a dependent ing to the IRS uh in order to claim a child they have to be younger than 19 years old or be a student and younger than 24 years old so this would be your last year of claiming her the other great thing is you can uh claim expenses that you've made for her college tuitions and fees if you paid for that yourself but you have to realize that certain expenses don't qualify as such as uh room and board transpor

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