I have a question regarding education credit. If my children received student loans and scholarships, can I claim tax credit for education costs?
You can’t claim education credit for any education expense you or your dependent didn’t pay for. Student loans are considered paid by the person who’s legally liable for the loan — usually the student.
However, you can claim the education credit for expenses paid by your dependent students for these:
Since tax-free scholarships don’t have to be repaid, amounts paid for by scholarships aren’t considered paid by you or the student; therefore tax credit for education cannot be claimed.
Related Resources
Can you claim a non-child relative as a dependent and does it count as a qualifying relative? Learn more about your tax questions from H&R Block.
Trying to determine the cost of tax preparation or H&R Block’s prices? While there’s no one-size-fits-all answer, learn why Block believes in upfront, transparent pricing.
Learn more about the child tax credit, income phase out rules and claiming additional credits with the tax experts at H&R Block.
Learn more from our tax experts at H&R Block about the premium tax credit and how to receive it as an advance credit or claim it as a refundable credit.
