Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 21, 2021 1:00:50 PM

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?

0 2 301
2 Replies
Expert Alumni
Jul 21, 2021 1:13:18 PM

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

Employee Tax Expert
Jul 21, 2021 1:22:12 PM

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