The answer is yes, as long as IRS specified criteria are met within the calendar year:
- Age – Your child must be under age 24 and be a full-time student during the year. To be a full-time student, your child must be attending school for some part of at least five months in the calendar year. Attending college or university from January – May and graduating in May will meet this criterion.
- Residency – Your child must live with you for more than half the year. Temporary absences while your child is away at school qualify as being part of the period of residency.
- Support – Your child must receive more than half of their financial support from you during the year. Primary support items include expenses paid for food, lodging, clothing and medical care.