Hello Community
Looking to prepare for the 2024 tax filing year and want to know if someone can point me to the correct IRS code for Education expenses ? Trying to determine if college/university visit costs are deductible or not. Or at least point me to a list of items that I can deduct vs not deductible. Thank you
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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://ttlc.intuit.com/questions/1901172-what-are-education-tax-credits
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/3262984-who-is-eligible-for-the-lifetime-learning-credit
Nothing is actually deductible, any more, with a recent law change. There are now two educational tax credits available. Qualified educational expenses (QEE) include tuition, required fees and undergraduate books and course materials, including a required computer. Room and board are not QEE.
College visit costs and application fees are not QEE.
See IRS Publication 970, for details. https://www.irs.gov/pub/irs-pdf/p970.pdf
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