Tax Tip: Are you providing support for a child in college?

Education & Training with KLSM CPA Firm, PLLC

Do you have children that work while attending college?

If you have children working while attending college and you provide more than half of their support, you may be able to claim them on your tax return provided certain conditions are met. During tax season, college students often rush to file their tax returns to obtain and refund of the tax paid, and in their haste, they may miss an important step that could delay the filing of a parents tax return. 


Tax Tip: Be sure to make sure that if your child files their own tax return, they are appropriately marking that they can be claimed as a dependent by someone else. If they do not mark their returns this way and the parent proceeds to file their tax return, it will be rejected by the IRS. The childs tax return will then need to be amended and refiled with the IRS via a paper tax filing. The IRS typically takes anywhere from 4 to 16 weeks to process an amended tax return. After the IRS has accepted the childs amended tax return, the parent can then proceed with filing. 





KLSM CPA Firm PLLC is a local Houston, TX CPA firm that empowers individuals and small businesses by providing strategic accounting and tax solutions for financial success. We also assist our clients with IRS tax resolution matters involving sales tax, payroll and federal income tax issues in Houston, TX, San Antonio TX, Austin, TX and elsewhere. 


Comments (4)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


That is a great tip from you.  And no we do not have kids in college, and kids for that matter.  A

Feb 15, 2020 02:12 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Krystin.

Another great tax tip for those parents who have children in college.  Thankfully, all of ours are way past that stage.

Feb 16, 2020 01:12 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is excellent advice to share. Many of those college students do not seek professional advice.

Feb 24, 2020 07:52 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Thanks for this, Krystin. I found this via a reblog from Roy Kelley.  My kids are no longer in college, but this is helpful for those who do. :) 

Feb 29, 2020 08:45 AM