I have twins at separate universities. We pay for all of their rent and living expenses. Is this deductible?
You'll need to sign in or create an account to connect with an expert.
Rent and living expenses are not qualified education expenses. If they have a 529 or some other sort of education savings plan you might be able to use the rent, and some expenses for food.
https://ttlc.intuit.com/questions/1899852-what-are-considered-qualified-education-expenses
https://ttlc.intuit.com/questions/2976047-what-are-examples-of-education-expenses
Probably not. The only deductible out-of-pocket expenses are referred to as "qualified education expneses". Those are tuition, books, and lab fees. While lab fees is a rather broad category, things like rent, utilities, food and transportation are not deductible.
Now, is there a Coverdell or 529 plan involved here? If so, that changes things. If not, I"m not going to waste your time discussing what won't apply to you anyway.
No.
You cannot take a deduction for:
Thank you all so much! I really appreciate the feedback. Squared me away on what I needed.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mkbd11
New Member
jpgarmon1
New Member
in Education
jason805sm
New Member
in Education
ATLTiger
New Member
Alvarezsteve7
New Member