Category Archives: Education Expenses

23 Year Old student

Today TaxMama hears from Kristen in the TaxQuips Forum, who is a bit confused. “I am a 23 year old full time student. My income from 2010 is $12,247 and I live with my parents. My parent’s accountant told them last year that they would not be able to claim me once I turned 23, […]

Eligible Education

Today TaxMama hears from Dil in the TaxQuips Forum, who needs clarification. “The issue is related to the definition of  ‘qualified educational institution.’  The institution is a regionally accredited one, but the full definition of ‘qualified educational institution’ requires that it be a Title IV institution – one whose students may receive federal financial aid. The […]