lifetime Learning Credit & the state of Ohio Board of Rehabilitation

Forum|Forum|2 years ago
February 15, 2024
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Hi,

Can I use the lifetime Learning Credit if the state of Ohio Board of Rehabilitation pays for my Tuition and the state college issues me a 1098-T? I already have used the 4 years of the AOC credit. I am using TurboTax Premier and It is allowing the tax credit for $2000, and I have reviewed IRS publication 970. Would the Ohio Board of Rehabilitation be considered a "third Party"? I had only used $640 of my own out of pocket money for course specific expenses and the rest of it was paid by the Ohio Board of Rehabilitation.

Thank You!

Hal_Al

Employee

Q. Can I use the lifetime Learning Credit if the state of Ohio Board of Rehabilitation pays for my Tuition and the state college issues me a 1098-T?

A. No. You may not claim a tuition credit, if the expenses were paid by a scholarship or other tax free assistance.

Such assistance is frequently, but not always, reported in box 5 of the 1098-T. If not, the TurboTax interview will ask about other assistance.

You may count the $640 out of pocket money only if paid to the school. Books and supplies are not qualified expenses for the Lifetime Learning Credit.