ARE THESE QUALIFIED EXPENSES FOR THE EDUCATION CREDITS PURPOSES?
- Phone Plan
- Home Internet Plan
- Parking Permit
- Travel Expense for class assignments
- Lab Fees
- Flash Drives
- Any other supplies or fees required for your classes
QUALIFIED EDUCATION EXPENSES
Totally not. I just want to make sure that simple supplies like pens, pencils, printer ink, materials for projects, etc. be considered qualified expenses for the I.R.S. in order to get the education credits.
"Books, supplies, and equipment", if required to be purchased from the institution as a condition of enrollment or attendance are qualified expenses for the Lifetime Learning Credit.
"Books, supplies, and equipment", regardless of where purchased are qualified expenses for the American Opportunity Credit.
"Phone, Phone Plan and Home Internet Plans" would not be qualified education expenses for purposes of tax credits. They would come under the category of "personal expenses". They may be desirable or even essential to your program of study, but aren't uniquely applicable to your educational undertaking.