I paid many expenses for my child in college. The expenses include tuition, First Apartment Expenses, rent, utilities, and credit card bills. Since she’s in college, are there any Deductible College Expenses I can claim?
If your child qualifies as a dependent, you might qualify for an education credit or deduction on your return. This is based on qualified education expenses for your child. Personal expenses for things like rent, food, and utilities aren’t deductible.
You can claim the American Opportunity Credit if your daughter meets these requirements:
- She’s a candidate for one of these:
- A degree
- A certificate
- Other recognized educational credential
- She’s at least a half-time student for one academic period during the year.
- She hasn’t completed the first four years of post-secondary study.
- She has no state or federal felony drug convictions.
- Your adjusted gross income (AGI) is:
- Less than $160,000 if you’re married filing jointly
- Less than $80,000 if you’re filing single or married filing separately
If your daughter qualifies for this credit, her qualifying educational expenses include:
- Required enrollment fees
- Any course materials (Ex: textbooks) required for enrollment or attendance at an eligible institution
If your daughter doesn’t qualify for that credit, she might qualify for one of these:
- Lifetime Learning Credit — Tuition and fees are qualifying expenses. Books don’t qualify unless you pay the cost for them directly to the school as a condition of enrollment.
- Tuition and fees deduction — These are qualifying expenses if you pay them directly to the school as a condition of enrollment:
- Course-related material
Learn more about the potential tax benefits of charitable holiday giving. Your holiday donations may boost your refund, depending on the organization.
Virtual tax preparations let you complete your taxes online from the comfort of your home. Find out how easy remote tax preparations can be at H&R Block.
What does it mean to be an enrolled agent? Learn more about the roles and requirements of enrolled agent (EA) tax preparers at H&R Block.
What’s the difference between an enrolled agent (EA) vs. a certified public accountant (CPA)? Explore the roles of EAs and CPAs at H&R Block.