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jirjiss1
New Member

Does room and board also include paying rent for an apartment near school? or do i have to be living on campus

 
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MichaelMc
New Member

Does room and board also include paying rent for an apartment near school? or do i have to be living on campus

Qualified educational expenses, for purposes of any of the educational tax credits or deductions are limited to tuition and required fees, plus, for the AOTC, required books and materials.

Room and board, whether paid to the educational institution or paid to landlords and property managers is not a deductible educational expense.

Funds in a Qualified Tuition Program can be used to pay room and board expenses for an at least half-time student.

For more information, please see IRS Pub. 970 Tax Benefits for Education.

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