Education costs - Deductible vs Not Deductible

Forum|Forum|2 years ago
April 2, 2024
2 replies
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Hello Community

Looking to prepare for the 2024 tax filing year and want to know if someone can point me to the correct IRS code for Education expenses ? Trying to determine if college/university visit costs are deductible or not. Or at least point me to a list of items that I can deduct vs not deductible. Thank you

xmasbaby0

Employee

https://ttlc.intuit.com/questions/1899852-what-are-considered-qualified-education-expenses

https://ttlc.intuit.com/questions/2976047-what-are-examples-of-education-expenses

https://ttlc.intuit.com/questions/1901172-what-are-education-tax-credits

https://ttlc.intuit.com/questions/1901172-what-education-tax-credits-are-available

https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit

https://ttlc.intuit.com/questions/3262983-who-is-eligible-to-take-the-american-opportunity-tax-credit

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/00/26844

https://ttlc.intuit.com/questions/3262984-who-is-eligible-for-the-lifetime-learning-credit

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Hal_Al

Employee

Nothing is actually deductible, any more, with a recent law change. There are now two educational tax credits available. Qualified educational expenses (QEE) include tuition, required fees and undergraduate books and course materials, including a required computer. Room and board are not QEE.

College visit costs and application fees are not QEE.

See IRS Publication 970, for details. https://www.irs.gov/pub/irs-pdf/p970.pdf