in Education
You'll need to sign in or create an account to connect with an expert.
Texas has no state income tax. What does TX have to do with your question?
Well I was trying to estimate my tax refund on turbo tax and the calculator asked for how much tuition I paid. However, it did not clarify if that included paying with student loans.
Q. Should I report college tuition I have paid with student loans?
A. Yes. Tuition, and other other qualified educational expenses, paid with loan money, count toward claiming the education credit. Loan money (unlike scholarships) is the same as your money, since it has to be paid back.
If you are claimed as a dependent, by your parents, they will claim the tuition credit, on their return. You do not claim it on your return, even though it was paid with "your money".
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Laura22334455
Level 3
in Education
user17706582918
New Member
in Education
elviasauceda65
New Member
laphilyaw
New Member
in Education
zinj
Level 3
in Education