Skip to main content
September 23, 2021
Question

Can I reimburse myself from utma account of my daughter for her college tuition, with her written permission?

  • September 23, 2021
  • 1 reply
  • 0 views
No text available

1 reply

Hal_Al
Employee
September 23, 2021

Yes.  And you can still claim the tuition credit or deduction, even though it was effectively her money that paid for the tuition, as long as she is still your dependent*.

 

You do not need her written permission, since  the money was spent for her benefit.  That is, the money doesn't have to be sent directly from the UTMA to the school.  You are allowed to reimburse yourself for expenditures made on her behalf. 

 

*UTMA money spent on support (including tuition) is considered support provided by the student, for the dependent support test.