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Originally Posted by Ozzie'sperson  If you made over $150,000 as a couple, they will pro-rate it. (Not a problem I have  , but one of my friends got about the amount you describe because they exceed the $75,000 per limit. I don't get the kid thing, though I saw that if the kid was 18 you wouldn't get credit. That's just stupid.  If the kid is in school, who do they think is taking care of them, Mother Goose?
And anyone who is named as a dependent on someone else's return, can't file for their own refund. |
You know what else I think is a huge joke regaurding that, is when your in college and file for FASFA, your parents info is taken into consideration until your 24 years old. My parents don't claim me, I don't live at home, yet my parents income holds me back from financial aid, if it was just me I would probably qualify! Do they think that everyone who is under 24 their parents pay for their school?