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josephtaura
New Member

What is income limit for college expense deduction?

 
1 Best answer

Accepted Solutions
LinaJ2018
Intuit Alumni

What is income limit for college expense deduction?

You're eligible for this deduction if you don't qualify for the American Opportunity Credit or the Lifetime Learning Credit, unless:

  • You’re filing as single or head of household and your AGI exceeds $80,000.
  • You’re filing jointly and your combined AGI exceeds $160,000.
  • You’re filing separately from your spouse.
  • Someone else, such as a parent, is eligible to claim you as a dependent on their tax return (whether or not they actually do it).

I am also attaching a TurboTaxHelp article for your reference: 

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-tuition-and-fees-deduction...

 

[Edited 3/31/2020 | 4:57 PM]

View solution in original post

1 Reply
LinaJ2018
Intuit Alumni

What is income limit for college expense deduction?

You're eligible for this deduction if you don't qualify for the American Opportunity Credit or the Lifetime Learning Credit, unless:

  • You’re filing as single or head of household and your AGI exceeds $80,000.
  • You’re filing jointly and your combined AGI exceeds $160,000.
  • You’re filing separately from your spouse.
  • Someone else, such as a parent, is eligible to claim you as a dependent on their tax return (whether or not they actually do it).

I am also attaching a TurboTaxHelp article for your reference: 

https://ttlc.intuit.com/community/credits-and-deductions/help/what-is-the-tuition-and-fees-deduction...

 

[Edited 3/31/2020 | 4:57 PM]

View solution in original post

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