We have 3 young adults, none of whom are self-supporting, and all of whom are still dependents as for as IRS standards go. (We’ve spoken with our CPA about this.)
Our eldest, now 22yo will be applying soon for grad school for '16-'17. Since he’ll be working on a masters, he is considered independent as far as filling out the FAFSA goes, even though he is considered dependent as far as the IRS rules go and us being able to still claim him as we are still supporting him.
Our youngest, now 19, and will be a college senior in '16-'17 is the one I’m still filling out the FAFSA for, and who is still a dependent as far as both FAFSA and IRS goes.
I’m trying to understand what income ceiling Cal Grant will be setting for us for her to potentially qualify for the Cal Grant next year, by trying to understand how many of my 3 young adults who qualify as dependents as far as the IRS goes, will qualify as far as Cal Grant goes.
Hope I’m making sense….