Reply to How to declare 20-year-old independent

Forum Index » College and University Discussion

Reply to "How to declare 20-year-old independent "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can I gift my child enough money for tuition and living expenses, not claim him as a dependent on my tax return, have him file as independent, and have him claim residency in MD? He has part-time job in MD, rents in MD, and has MD driver’s license and voter registration.

I know he has to provide more than 50% of his support. Does the gifted money (which he owns) count as providing his own support? He is on our health insurance if that matters.[/quote]

The irs ‘gift’ limit is 15K.  You will likely exceed that with tuition and board.  Don’t think you can get around him being your dependent if you are paying tuition and living expenses.  As a dependent, if you move, he moves.  The in-state program is for residents, paid for by md taxpayers which you will no longer be.  I’m sorry but you are trying to cheat myself and all the other md taxpayers.  Do you think anyone should be eligible for in-state at any state they’ve ever lived in?  Not how it works. [/quote]

Spare OP your sanctimony.  They've lived in MD and paid taxes the kid's whole life.  We moved to DC from VA when our youngest was still in VA state school and had no moral qualms continuing to pay in state tuition even though some might have thought we shouldn't be.  We had live in VA for 25 years and paid our dues.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics