Expenses that Do Not QualifyĮven if you pay the following expenses to enroll or attend the school, the following are not qualified education expenses: See our Education Credits Frequently Asked Question page for more information. For example, the cost of a required course book bought from an off-campus bookstore is a qualified education expense.
For example, an activity fee that all students are required to pay to fund all on-campus student organizations and activities.įor AOTC only, expenses for books, supplies and equipment the student needs for a course of study are included in qualified education expenses even if it is not paid to the school. You must pay the expenses for an academic period* that starts during the tax year or the first three months of the next tax year.Įligible expenses also include student activity fees you are required to pay to enroll or attend the school. Qualified expenses are amounts paid for tuition, fees and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution. Qualified Education Expenses for Education Credits If you pay the expenses with money from a loan, you take the credit for the year you pay the expenses, not the year you get the loan or the year you repay the loan. You can claim an education credit for qualified education expenses paid by cash, check, credit or debit card or paid with money from a loan. A third party including relatives or friends.A student you claim as a dependent on your return, or.You or your spouse if you file a joint return,.
Who Must Pay Qualified education expenses must be paid by: Qualified education expenses are amounts paid for tuition, fees and other related expenses for an eligible student.
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