Yes, you can claim the education credit for your grandson college tuition if you meet the IRS requirements.
Qualifications for claiming the American Opportunity Tax Credit are:
You must be considered an eligible student:
You are not eligible to claim the American Opportunity Tax Credit if:
You are eligible to claim the Lifetime Learning Credit if all of the following requirements are met:
One of the advantages of the Lifetime Learning Credit is that you can take the credit every year for higher education as long as you meet the qualifying requirements.
Yes, you can claim the education credit for your grandson college tuition if you meet the IRS requirements.
Qualifications for claiming the American Opportunity Tax Credit are:
You must be considered an eligible student:
You are not eligible to claim the American Opportunity Tax Credit if:
You are eligible to claim the Lifetime Learning Credit if all of the following requirements are met:
One of the advantages of the Lifetime Learning Credit is that you can take the credit every year for higher education as long as you meet the qualifying requirements.