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New Member
posted Jul 1, 2020 7:52:20 PM

Do I get to deduct my daughters college expenses

can i get a deduction on my daughters college education?

0 2 463
2 Replies
Level 15
Jul 1, 2020 8:50:44 PM

If you are claiming your daughter as a dependent on your tax return you get to use the education credit on your tax return.  Did you claim her as a dependent?

 

WHO CAN I CLAIM AS A DEPENDENT?

 

You can claim a child, relative, friend, fiance (etc.) as a dependent on your 2019 taxes as long as they meet the following requirements:

Qualifying child

• They are related to you.

• They cannot be claimed as a dependent by someone else.

• They are a U.S. citizen, resident alien, national, or a Canadian or   Mexican resident.

• They are not filing a joint return with their spouse.

• They are under the age of 19 (or 24 for full-time students).

    • No age limit for permanently and totally disabled children

        They live with you for more than half the year (exceptions apply).

Qualifying relative

• They don't have to be related to you (despite the name).

• They cannot be claimed as a dependent by someone else.

• They are a U.S. citizen, resident alien, national, or a Canadian or Mexican resident.

• They are not filing a joint return with their spouse.

They lived with you the entire year.

• They made less than $4200  (not counting Social Security)

• You provided more than half of their financial support. More info

When you add someone as a dependent, we'll ask a series of questions to make sure you can claim them.

Related Information:

Does a dependent have to live with me?

What does "financially support another person" mean?

Can I claim a newborn baby?

 

 

 

 

QUALIFIED EDUCATION EXPENSES

https://ttlc.intuit.com/questions/1899852-what-are-considered-qualified-education-expenses

https://ttlc.intuit.com/questions/2976047-what-are-examples-of-education-expenses

 

https://www.eitc.irs.gov/other-refundable-credits-toolkit/compare-education-credits-and-tuition-and-fees-deduction/compare

 

https://ttlc.intuit.com/questions/1900981-can-i-deduct-education-expenses-that-were-paid-with-student-loans

 

https://ttlc.intuit.com/questions/1901172-what-are-education-tax-credits

 

https://ttlc.intuit.com/questions/1901487-what-is-the-tuition-and-fees-deduction

https://ttlc.intuit.com/questions/1901172-what-education-tax-credits-are-available      

https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit

 

https://ttlc.intuit.com/questions/3262983-who-is-eligible-to-take-the-american-opportunity-tax-credit

Level 15
Jul 2, 2020 3:58:36 AM

If she is not your dependent, then she (or whomever does claim her as a dependent) may count the tuition and other expenses, you paid, in claiming the tuition credit for themselves.

 

Expenses paid by student loans is eligible. There's even  a loop hole available to  still claim the credit, If her expenses were paid by scholarship.