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Can I deduct any of the monthly expenses I paid for in my daughter's college expenses?

It was paid directly to my daughter via bank to bank account for a monthly amount for 12 months?
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3 Replies
Vanessa A
Employee Tax Expert

Can I deduct any of the monthly expenses I paid for in my daughter's college expenses?

It depends.  If you are claiming your daughter as a dependent on your return, you may be able to claim either the American Opportunity Tax Credit or the  Lifetime Learning Credit.  

 

If you are not claiming her as a dependent on your return, then no, you cannot claim her expenses on your return.  

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Can I deduct any of the monthly expenses I paid for in my daughter's college expenses?

@btpwallstreet if those "monthly expenses" are not Qualified Educational Expenses (QEE), then no, you can not.

 

If those "monthly expenses" are living expenses, then no, they are not deductible.

 

Qualified Educational Expenses are generally tuition and books and anything else required for class.  Room and Board is not QEE. 

Hal_Al
Level 15

Can I deduct any of the monthly expenses I paid for in my daughter's college expenses?

Living expenses (food & lodging or room & board) are not qualified expenses for claiming an education credit.

 

Living expenses are qualified for a tax free distribution from a 529 or ESA college savings plan. 

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