Question

I have a question regarding education credit. If my children received student loans and scholarships, can I claim tax credit for education costs?

Answer

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 Topics

Related Resources

Child Care Provider Taxes

If you are a child care provider without a W-2, how do you file your taxes? Learn more from the tax experts at H&R Block.

Required To File Tax Return This Year?

Can you file taxes this year without having filed last year? Learn more from the tax experts at H&R Block.

Deduct Property Tax From Escrow Account

Can you deduct property tax that was paid from an escrow account? Learn more from the tax experts at H&R Block.

Deducting Rent On Taxes

Learn whether rent is tax deductible with advice from the tax experts at H&R Block.