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Deductions & credits
@salbrecht0626 wrote:
McGill only offers dorms to 1st year students. She has no choice but to have an apartment. With no other options I would think that all or a portion of what I pay would be deductible.
IRS website for Qualified Education Expenses - https://www.irs.gov/credits-deductions/individuals/qualified-ed-expenses
Expenses that Do Not Qualify
Even if you pay the following expenses to enroll or attend the school, the following are not qualified education expenses:
- Room and board
- Insurance
- Medical expenses (including student health fees)
- Transportation
- Similar personal, living or family expenses
March 22, 2020
7:11 AM