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at1087
New Member

I can I clam the net tuition costs I had of over $24000?

I paid tuition expenses for my daughter and for myself.  The net tuition expenses I paid are $22413.00.  The program is saying I can't deduct this.  Why not?

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Accepted Solutions
Hal_Al
Level 15

I can I clam the net tuition costs I had of over $24000?

The old tuition deduction was eliminated in 2018. But even in the past, it was limited to $4000.

There are two education credits available. The more generous one, The American Opportunity Tax credit (AOTC), only requires $4000 of tuition to get the max credit. The other, The Lifetime Learning Credit (LLC) requires $10,000.

Any thing over those amount is not usable. You may not use your excess to claim a credit for your dependent or vice versa.

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1 Reply
Hal_Al
Level 15

I can I clam the net tuition costs I had of over $24000?

The old tuition deduction was eliminated in 2018. But even in the past, it was limited to $4000.

There are two education credits available. The more generous one, The American Opportunity Tax credit (AOTC), only requires $4000 of tuition to get the max credit. The other, The Lifetime Learning Credit (LLC) requires $10,000.

Any thing over those amount is not usable. You may not use your excess to claim a credit for your dependent or vice versa.

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