Legal Question in Family Law in India
can majer son claim educational expenses from father and upto what age
Asked on 7/06/16, 3:05 am
1 Answer from Attorneys
1) When it comes to education tax breaks, it�s important to carefully consider your options, and plan out who is going to take what tax break. This is an important distinction because it�s an either/or situation in terms of who gets the tax break.
2) If the parent claims the education tax deduction or credit, then the child (in this case, the dependent) can�t claim it. If the child claims it for himself or herself, then the parent can�t claim it.
3) Parents have to communicate with their kids since the education tax breaks are only allowed to be claimed on either one of your tax returns and not both.
Answered on 7/06/16, 3:22 am