I want to pay for my grandaughter's college tuition. Her parents claim
Her as a dependent.Would I be able to get a tax deduction? Frank
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I want to pay for my grandaughter's college tuition. Her parents claim
Her as a dependent.Would I be able to get a tax deduction? Frank
Negative; to claim the deduction or education credit, YOU must claim the grand-daughter as a dependent.
To claim her as a dependent, you must provide more than HALF of her total support.
There is a bright side: paying her tuition does NOT invoke any gift tax issues, provided you pay the tuition directly to the university.
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