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Get your taxes done using TurboTax
Dorm supplies- not deductible, personal expense
Enrollment fee- deductible as college fee
Orientation fee-deductible as college fee
Housing fee- not deductible, part of room and board
College registration- deductible education expense
Admission fees- deductible education expense
On campus meal plan- Not deductible, this is a personal expense
When you say deductible I am assuming you are asking if they count towards an education credit. The ones I have marked as not deductible do not count towards education credits.
If you are using a 529 plan, you can include room and board if it meets the following as listed in Pub 970:
- "Expenses for room and board must be incurred by students who are enrolled at least half-time (defined later).
- The expense for room and board qualifies only to the extent that it isn't more than the greater of the following two amounts. Page 50 Chapter 7 Qualified Tuition Program (QTP)
- a. The allowance for room and board, as determined by the school, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student.
- b. The actual amount charged if the student is residing in housing owned or operated by the school.
- You may need to contact the eligible educational institution for qualified room and board costs."
- Yes, the meal plan on campus is ok for the 529 but not an education credit, as long as you were enrolled at least half time.
Dorm supplies do not count for neither an education credit nor the 529 plan.
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March 2, 2023
2:50 PM