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Thursday, November 28, 2013

Claiming Son now out of state

My son Graduated May of 2013 then moved out of state late June for college for school year 13-14. His residence is now the other state he moved to in the attempt to have his second year of college "instate" tuition. If I claim him for tax year of 2013 (since I took care of him for more than half the year) will that hurt his chance for his second year being the in-state tuition. And I know this will be that last year I can claim him.

Answer :

As long as your child is a student and attends school in another state, you still may claim your child as a dependent on your taxes as a full year resident of the home state. Your child must list your residence as his permanent residence with the school, with your child's residence while attending school listed as his temporary residence. Your son can claim full-time residency in two states at the same time, but it should be avoided. If he, as a taxpayer, tries to claim dual residency then he will be overcharged by the states. A taxpayer can be a part-time resident in one state and a full-time resident in another at the same time, according to the IRS. It is recommended that for tax purposes that one state be considered a domicile. As long as you meet conditions/requirements, you still may claim your child as your dependent even if your son is living out of state for schooling.You may claim him as qualifying relative, NOT as a qualifying child.

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