AmyC
Expert Alumni

Get your taxes done using TurboTax

When you added the second student, they had to have scholarships, 529, or other income to apply towards room and board. Since room and board does not count towards any college credit, those expenses are only used when you have more income than tuition and you need to create more tuition money by taxing some of the scholarship, 529, etc. You only need $4,000 of education expenses to max out the credit.

 

The program does ask about room and board when you meet the qualifications  to need it. I just went through the program, in Home and Business with no issues.

 

See Qualified Education Expenses - Internal Revenue Service and Available Education Credits

 

@mhornung321

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