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What is income limit for college expense deduction?

 
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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]

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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]

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