Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 12:34:59 AM

Can my son-in-law deduct college expenses for which he used a credit card or personal loan for payment?

He also has a student loan from the school (for profit nursing school as opposed to a state or community ed program) that charges interest.  When will he be able to deduct those charges?

0 3 272
1 Best answer
Level 15
Jun 1, 2019 12:35:03 AM

Qualified education expenses (tuition, fees, course related equipment) paid out of pocket or with loans can be claimed for education credit. Here are the qualifications:

American opportunity credit: Credit of up to $2500 for qualified education expenses

needed for a course of study, paid for an academic period starting in 2018 or the first 3 months of 2019

Here are the qualifications for the American Opportunity credit:

1. It is available only for the first 4 years of post secondary education and cannot be claimed more than 4 tax years.

2. Student must be pursuing an undergraduate degree or other recognized education credential.

3. Student must be enrolled at least half time for at least one academic period beginning during the year.

4. No felony drug conviction on student's record.

5. Credit is reduced if modified AGI is between $80,000 and $90,000 ($160,000 and $180,000 if MFJ)

6. You cannot be claimed as a dependent by someone else.


3 Replies
Level 15
Jun 1, 2019 12:35:03 AM

Qualified education expenses (tuition, fees, course related equipment) paid out of pocket or with loans can be claimed for education credit. Here are the qualifications:

American opportunity credit: Credit of up to $2500 for qualified education expenses

needed for a course of study, paid for an academic period starting in 2018 or the first 3 months of 2019

Here are the qualifications for the American Opportunity credit:

1. It is available only for the first 4 years of post secondary education and cannot be claimed more than 4 tax years.

2. Student must be pursuing an undergraduate degree or other recognized education credential.

3. Student must be enrolled at least half time for at least one academic period beginning during the year.

4. No felony drug conviction on student's record.

5. Credit is reduced if modified AGI is between $80,000 and $90,000 ($160,000 and $180,000 if MFJ)

6. You cannot be claimed as a dependent by someone else.


New Member
Jun 1, 2019 12:35:05 AM

Wow! That was fast and, more importantly, understandable!  Thanks!

Level 15
Jun 1, 2019 12:35:08 AM

Glad I could help.