QUESTION IMAGE
Question
assessment
question 3/3
jeremiah is a full-time student, earns less than $30,000 a year, is earning a degree and is a dependent of his parents. can he claim education tax deductions on his taxes?
yes, if his expenses are related to his studies and are necessary
no, since he earns too much money to be able to qualify for these tax credits
yes, since he is a full-time student and earning a degree
no, since he is still a dependent of his parents. they can claim the credit.
In tax rules, if a taxpayer is claimed as a dependent on another person's (their parents') tax return, they cannot claim education tax credits or deductions for themselves; the parents would be the ones eligible to claim these benefits, provided they meet other criteria. Jeremiah is a dependent of his parents, so he cannot claim the credits.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
No, since he is still a dependent of his parents. They can claim the credit.