Reply to How to declare 20-year-old independent

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[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]

The gifts have never exceeded IRS limits. They were gifted over many years. As I stated earlier, we are not trying to game they system. We are and have been MD residents his entire life. I am simply asking about what makes a student independent (does paying for expenses out of HIS bank account count as supporting himself)?

Why do people keep saying I’m trying to game the system? We are decades long MD taxpayers and residents. We are not applying for financial aid.[/quote]

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