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Level 2
April 7, 2022
Question

College Tuition Expenses

  • April 7, 2022
  • 1 reply
  • 0 views

When entering college tuition expense amount on my state tax return for my daughter who is my dependent, should I enter what was paid out-of-pocket, or the total out-of-pocket plus what was paid with FAFSA loans?  Does it matter who paid the out-of-pocket expenses, parent or child, as to what amount is entered here.  Also, same question for entering expenses for books/computer/fees, etc.

Thanks!

    1 reply

    KrisD15
    Level 15
    April 7, 2022

    No it does not matter who paid, the Taxpayer that claims the student claims ALL education payments for a dependent student. 

    Even payments made by a family member or friend would be claimed by you. 

    Loans are the same as cash.

     

    The ONLY expenses not reported are those that were paid with TAX-FREE funds, such as a tax-free scholarship. 

     

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