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What's deductible for my college student daughter?
My daughter whose 19 is a dependent whose attending college.
Can I use her college expense as deductible?
If you how?
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What's deductible for my college student daughter?
There are a variety of deductions and credits available to college students. Details on the credits can be found here:
https://turbotax.intuit.com/tax-tips/college-and-education/what-are-education-tax-credits/L7TuLrVqZ
The deduction, which most people find less useful, is explained here:
https://turbotax.intuit.com/tax-tips/college-and-education/deduction-for-higher-education/L0krerdUK
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What's deductible for my college student daughter?
Hello there,
Depending on your income, you may be able to claim the American Opportunity Tax Credit or the Lifetime Learning credit. Alternatively, you may be able to claim the deduction for tuition fees.
You can reach out to Turbo Tax support for help with reporting the expenses on your tax return.
The links below are resources for frequently asked questions on the Tax benefits for education.
https://www.irs.gov/newsroom/tax-benefits-for-education-information-center
https://turbotax.intuit.com/tax-tips/college-and-education/deduction-for-higher-education/L0krerdUK
https://turbotax.intuit.com/tax-tips/college-and-education/what-are-education-tax-credits/L7TuLrVqZ
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