Read that textbooks that were required to be purchased from the campus count as a deductible, but those that were not required to be purchased from the campus do not count.
The American Opportunity credit allows you to deduct books, supplies, and equipment needed for course of study included whether or not purchased from the educational institution.
It is the Lifetime Learning Credit that limits these deductions: "Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses are paid to the institution as a condition of enrollment or attendance."
To review in the program which credit or deduction the education optimizer has chosen for you, please do the following:
For more information:
If you have any other questions, please comment back.
The American Opportunity credit allows you to deduct books, supplies, and equipment needed for course of study included whether or not purchased from the educational institution.
It is the Lifetime Learning Credit that limits these deductions: "Student activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses are paid to the institution as a condition of enrollment or attendance."
To review in the program which credit or deduction the education optimizer has chosen for you, please do the following:
For more information:
If you have any other questions, please comment back.