Husband is college professor. He receives taxable monies (reported on Box 1 of W2) for wife's college tuition. Is this monies exclusible in figuring Education credit?

[jcheu]

Original question:

Husband is college professor. He receives taxable monies (reported on Box 1 of W2) for wife's college tuition. Is this monies exclusible in figuring Education credit?

Clarification:

Turbo tax has a question: Did she receive scholarship or grant or other types of aid? Does he answer no?... because the monies is taxable.  So she would qualify for more Lifelong Learning Education credit.

[DanO · Accepted solution]

The wife qualifies for the education credit with regards to the money used for tuition, it's wage earnings.  See below for income limits to confirm qualification.

Here is what TurboTax FAQ has regarding qualifications for Lifelong Learning Education credit.

https://ttlc.intuit.com/replies/5358151