ThomasM125
Expert Alumni

Education

No, there is no tax deduction for the cost of housing for a student. Just like you can't deduct rent if you rent an apartment and work for a living, there is no deduction for student housing. It is considered a personal expense.

 

The only time it may give you a tax benefit is if you took money out of a qualifying education savings account (529 plan) and used it for room and board. In that case it would be considered a qualifying education expense so you wouldn't have to pay tax on the distribution you took.

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