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Education
Q. Do we report this 1098-T and claim the tuition credit under our taxes?
A. Yes.
Although the general rule, in taxes, is that you must be the one making the payment, to get the deduction or credit, there is an exception for education. It doesn't matter whose money paid the tuition. You get to claim the credit, because the student is your dependent and qualifying expenses (tuition) were paid.
March 6, 2024
7:08 PM
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