rjs
Level 15
Level 15

Education

No, you are not correct. I don't know where you got your understanding. The American Opportunity Credit and the Lifetime Learning Credit are for tuition and fees. Room and board are not qualified expenses for either credit.

You can review all the rules for the education credits in detail in IRS Publication 970, which you can download from the following link.

https://www.irs.gov/pub/irs-pdf/p970.pdf

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