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April 20, 2022
Question

Can we deduct tuition, on campus housing and meal plan expenses for our dependent children?

  • April 20, 2022
  • 1 reply
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1 reply

Hal_Al
Employee
April 20, 2022

There is no longer an actual deduction for post secondary education.  But there is still two tax credits. Qualified expenses for the credits are tuition, fees and course materials (books and a required computer).  Room & board (housing and meal plan) are not qualified expenses.

 

If you have a 529 or ESA plan (college savings), Room & board are qualified expenses for tax free distributions from those plans.