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Can i deduct the tuition payments made for my grandchild?
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June 6, 2019
6:33 AM
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Education
No, you cannot unless unless your grandchild is also your dependent on your own tax return. Otherwise, the tuition you generously paid is a gift you gave your grandchild, and gifts are not deductible. Nor are gifts taxable to the person who received them.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
June 6, 2019
6:33 AM