Hal_Al
Level 15

Education

Room and Board (R&B) are not qualified education expenses for a tuition credit (or the old tuition & fees deduction), tax free scholarship or the US Savings Bond interest exclusion.

 

R&B are qualified expenses for a tax free 529/ESA/QTP plan distribution.  Off campus R&B is limited to the lesser of actual cost or the school's "allowance for attendance" (basically what on campus students pay).