{"id":1534,"date":"2019-06-05T09:51:41","date_gmt":"2019-06-05T16:51:41","guid":{"rendered":"https:\/\/blog.turbotax.intuit.com\/es\/?p=1534"},"modified":"2019-06-05T09:51:57","modified_gmt":"2019-06-05T16:51:57","slug":"who-should-take-education-tax-breaks-parents-or-students","status":"publish","type":"post","link":"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/who-should-take-education-tax-breaks-parents-or-students-1534\/","title":{"rendered":"Who Should Take Education Tax Breaks: Parents or Students?"},"content":{"rendered":"<p>When it comes to education tax breaks, it\u2019s important to carefully consider your options, and plan out who is going to take what tax break. This is an important distinction because it\u2019s an either\/or situation in terms of who gets the tax break. If the parent claims the education tax deduction or credit, then the child (in this case, the dependent) can&#8217;t claim it. If the child claims it for himself or herself, then the parent can&#8217;t claim it. Parents have to communicate with their kids since the <a href=\"https:\/\/blog.turbotax.intuit.com\/2012\/08\/30\/back-to-school-education-tax-benefits-to-offset-education-costs\/\" target=\"_blank\" rel=\"noopener noreferrer\">education tax breaks<\/a> are only allowed to be claimed on either one of your tax returns and not both.<\/p>\n<h3>Is the Student a Dependent?<\/h3>\n<p>First of all, you need to determine if the student is a <a href=\"https:\/\/blog.turbotax.intuit.com\/2011\/11\/07\/who-can-i-claim-as-a-dependent\/\" target=\"_blank\" rel=\"noopener noreferrer\">dependent<\/a>. If a parent claims his or her student as a dependent, then that\u2019s who gets to take the tax credit or education deduction. Whether it\u2019s the American Opportunity Tax Credit, Lifetime Learning Credit, or the Tuition and Fees Deduction, only one person gets the tax advantage and it often comes down to whether the student is a dependent in the eyes of the IRS. If a student is a dependent on someone else\u2019s tax return, the student doesn\u2019t qualify for these tax breaks.<\/p>\n<p>If a student isn\u2019t claimed as a dependent, though, it\u2019s possible for him or her to claim an education tax credit, or take the deduction.\u00a0 One thing to keep in mind, each student cannot claim more than one tax break. So it\u2019s one of the education credits or education deduction (not all of them).<\/p>\n<h3>Should the Student Take the Tax Credit or Deduction?<\/h3>\n<p>In some cases, it makes sense for the student to take the tax break. If the student is married, and no longer dependent on a parent for support, obviously that\u2019s who should take the education tax break. Additionally, if the student makes enough money to owe taxes, it makes sense to reduce that tax bill as much as possible.<\/p>\n<p>Most of the time, though, students don\u2019t earn enough money to owe taxes. As a result, in many cases, it makes more sense for parents to claim their children as dependents and reap the benefits of the tax breaks. After all, parents have spent quite a lot to raise their children, and probably help pay for college. It\u2019s only reasonable that they receive some sort of financial benefit in return \u2013 and a lower tax bill is one way to recoup a few of those costs.<\/p>\n<p>Once you have made your decision about who will claim the education tax benefit, <a href=\"https:\/\/turbotax.intuit.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">TurboTax<\/a> will figure out which education tax credit or deduction you are eligible for based on your entries when you prepare your taxes.<\/p>\n<p>If you have questions, you can connect live via one way video to a <a href=\"https:\/\/turbotax.intuit.com\/personal-taxes\/online\/turbotax-live.jsp\">TurboTax Experts<\/a> CPA or Enrolled Agent to get your tax questions answered.\u00a0 A TurboTax Experts CPA or Enrolled Agent can also review, sign, and file your tax return.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to education tax breaks, it\u2019s important to carefully consider your options, and decide who is going to take what tax break. 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.<\/p>\n","protected":false},"author":7859648,"featured_media":1535,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","rkv_show_reading_progress":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[1],"tags":[],"intuit_collection":[],"intuit_series":[],"tt_tax_year":[],"coauthors":[],"class_list":["post-1534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Who Should Take Education Tax Breaks: Parents or Students? | TurboTax Blog Espa\u00f1ol<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/who-should-take-education-tax-breaks-parents-or-students-1534\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who Should Take Education Tax Breaks: Parents or Students? | TurboTax Blog Espa\u00f1ol\" \/>\n<meta property=\"og:description\" content=\"When it comes to education tax breaks, it\u2019s important to carefully consider your options, and decide who is going to take what tax break. 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.turbotax.intuit.com\/es\/uncategorized\/who-should-take-education-tax-breaks-parents-or-students-1534\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog en Espa\u00f1ol\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-05T16:51:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-05T16:51:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.turbotax.intuit.com\/es\/wp-content\/uploads\/sites\/2\/2019\/06\/twenty20_52305873-c47c-4775-b52e-5a8a1db3ba7c.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1992\" \/>\n\t<meta property=\"og:image:height\" content=\"1494\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jim Wang\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jim Wang\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/\"},\"author\":{\"name\":\"Jim Wang\",\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/#\\\/schema\\\/person\\\/21891297645d20341bb5b0bb210f19f2\"},\"headline\":\"Who Should Take Education Tax Breaks: Parents or Students?\",\"datePublished\":\"2019-06-05T16:51:41+00:00\",\"dateModified\":\"2019-06-05T16:51:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/\"},\"wordCount\":518,\"publisher\":{\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2019\\\/06\\\/twenty20_52305873-c47c-4775-b52e-5a8a1db3ba7c.jpg\",\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"es-ES\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/\",\"url\":\"https:\\\/\\\/blog.turbotax.intuit.com\\\/es\\\/uncategorized\\\/who-should-take-education-tax-breaks-parents-or-students-1534\\\/\",\"name\":\"Who Should Take Education Tax Breaks: Parents or Students? 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