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abraddock12
June 4, 2019
Question

My hubby started nursing school and we got a student loan to pay for it. We will pay it back later. I got a tax form from the school showing tuition paid. Do I claim it?

  • June 4, 2019
  • 1 reply
  • 0 views
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1 reply

M
mglauner
June 4, 2019

Yes! Tuition (and other expenses, like Books) paid with loan funds counts as 'out of pocket' expenses you paid.  

If you received a 1098-T from the school, you can enter it in TurboTax.  If there is an amount in Box 5 for Scholarships/Grants, this will be subtracted from expenses to calculate the amount eligible for an education credit.

Click the link for more info about education tax breaks  to help you.

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