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Are tuition and fees deductible. I have over 20k for my kids

 
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2 Replies
SharonD007
Expert Alumni

Are tuition and fees deductible. I have over 20k for my kids

You may be eligible for education credits if you claim your children as dependents on your tax return. Please see the TurboTax articles Guide to Tax Form 1098-T: Tuition Statement and What Are Education Tax Credits? For additional information.

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Hal_Al
Level 15

Are tuition and fees deductible. I have over 20k for my kids

Tuition and fees are not "deductible" on the federal return. However, tuition paid for post secondary education (college & vocational) does qualify you or a federal education credit.

 

If you are asking about K-12 education, there is no federal deduction or credit. Many states do have a tax break (deduction or credit).  If yours is one, it will come up in the state interview. 

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