turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

amhay4
New Member

I went to school for makeup and used TFC student loan financing to pay it, is it deductible?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KatrinaB48
Expert Alumni

I went to school for makeup and used TFC student loan financing to pay it, is it deductible?

Yes, you can include this amount. It doesn't matter how your educational expenses were paid; eligible expenses can be deducted whether they were paid out-of-pocket or through a student loan. However, you must have attended an eligible educational institution to be eligible for claiming an education credit. A qualifying educational institution is any college, university, vocational school, or post-secondary educational institution eligible to participate in a student aid program administered by the US Department of Education (which is pretty much every accredited post-secondary educational institution).

Please view this TurboTax FAQ for more information about claiming an education credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question