Vanessa A
Expert Alumni

Education

No.  You cannot "write off" your daughter's tuition.  However, it is possible that you may qualify for an education credit.   Depending on which year of education she is in and the type of program she is enrolled in, you may be able to claim the Lifetime Learning Credit or the American Opportunity Tax Credit.  

The qualifications of the credits are below:

 Lifetime Learning Credit

  • You can take this for an unlimited number of years
  • Twenty percent of expenses up to $2,000
  • Non-Refundable meaning this can reduce the amount of taxes you owe, but if your tax liability is less than the LLC, your tax will be reduced to $0 and the rest of the credit is lost. 
  • Cannot be claimed as a dependent on any one else's return
  • As a Married couple, your income must be below $160,000 for the full credit and below $180,000 for a partial credit

American Opportunity Tax Credit.

  • Available for the first 4 years of college
  • Max amount is $2,500 per student
  • Partially refundable credit meaning if your tax liability is $0, 40% (up to $1,000) is refundable
  • Be enrolled in a degree or credential seeking program
  • Not have a felony drug conviction
  • Be enrolled at least half time
  • cannot be claimed as a dependent on anyone else's return.
  • As a Married couple, your income must be below $160,000 for the full credit and below $180,000 for a partial credit
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