What are the requirements in order to claim the Dependents Attending College Exemption?
Student must be under 22 years of age for the entire tax year. This means that the student's 22nd birthday will not occur until 2021 or later.
Student must attend full time. "Full time" is determined by the school.
Student must spend at least some part of each of five calendar months of the tax year at school.
The educational institution must be an accredited college or postsecondary school, maintain a regular faculty and curriculum and have a body of students in attendance.
You must have paid 1/2 or more of the tuition and maintenance costs for the student. Financial aid received by the student is not calculated into your cost when totaling the 1/2 amount, however, money earned by students in College Work Study Programs is income that should be factored in.