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March 13, 2020
Question

Filing for taxes for paid off past due tuition

  • March 13, 2020
  • 1 reply
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My parents helped me pay off a past due college tuition for the year of 2018 this past year in 2019. I was told I am not eligible to receive tax return forms from the school. How can my family show these as education expenses for taxes? If we cannot, will it still benefit us to show the bank statement with dates paid?

    1 reply

    GiseleD
    March 13, 2020

    For a credit/deduction on your parents' 2019 return, these expenses must be qualified education expenses.

     

    Qualified Education Expenses

    Qualified education expenses are tuition, fees, and course materials required for enrollment or attendance at an eligible educational institution.

    Credit is allowed for expenses paid in 2019 for an academic period beginning in 2019 or in the first three months of 2020. Qualified expenses can be paid with borrowed funds. If a student withdraws, expenses qualify unless refunded.

     

    Based on the sentence in bold type, these are unfortunately not qualified education expenses because the expenses they paid were for a period before 2019. 

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