TaxAudit Blog

Category: Education

College Application

There is no tax benefit for applying to enter a college. However, many benefits are available when your application has been accepted and after you enroll.

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Boy Playing Violin

While homeschooling, can you deduct the cost of classes for skills that the homeschooling parent doesn’t possess, such as ballet classes or piano lessons?

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school book with graduation hat and jar of coins on it

With all the required tuition, books, and fees for college students, not to mention the cost of room and board - what education expenses are tax deductible?

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College student moving into housing

Under some circumstances, you can indeed deduct off-campus housing on your taxes while attending college – but the amount of the benefit is limited.

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Bags of money and stacked coins with a graduation hat

The short answer is yes, you can deduct education expenses for your dependents, but some limitations and qualifications must be met. Let's explore more.

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Kindergarten class

Kindergarten tuition is not deductible because the costs to attend are considered educational expenses. However, qualifying childcare expenses are deductible.

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Little girl writing in a notebook

Can Grandparents take a deduction for paying the preschool tuition costs when the child still lives with the parents? To qualify you must meet the following.

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Private School Piggy Bank on a Calculator

There are some parts of the tax code that, in fact, can allow tuition fees to be fully deductible. However, in most cases you cannot deduct private tuition.

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preschool boy with his thumbs up

Under certain circumstances you can indeed claim a tax benefit for preschool tuition - called the Child and Dependent Care Expenses tax credit.

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Student Loan Interest Deduction

Yes, of course – well, maybe. Like many tax deductions, the student loan interest deduction for parents comes with a list of conditions that must be met.

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Piggy bank with graduation hat on

A tax deduction for qualified tuition expenses has generally been available for many years. However, it has never been a permanent part of the tax code.

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Money with a graduation hat laying on top

Paying for college tuition is an expensive endeavor. Fortunately for those who qualify, there are some tax breaks available.

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teacher with students in a library

If the taxpayer has costs for after school care of a qualifying dependent, those costs may provide some tax benefits. Let's explore these tax benefits.

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student loans

Yes, you can deduct student loan interest on your tax return if you meet the specific requirements to claim this deduction. The amount you can claim will vary.

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Magnifying glass over tax forms with crime scene tape

You can reduce your risk of falling victim to scammer's schemes by developing a basic understanding of what the IRS can and cannot do.

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Graduation Hats

For the American Opportunity Credit, a student is required to be in pursuit of a degree or recognized education credential and be enrolled at least half-time

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books

Are Education Tax Credits Available When the Education Expenses are Covered by a Scholarship or Grant?

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books

We wanted to let you know that, yes, there are some tax benefits to hitting the books.

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stacked books, diploma, and graduation hat

Since 2008, college costs in the U.S. have risen 30%. Many folks' salaries are not keeping pace.

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woman helping taxpayer with taxes

The IRS opened up its LITC grant application process for organizations looking to serve and educate low-income taxpayers.

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boy with glasses thinking

In the Fall my son will go to college and I will be paying his tuition. Can I still claim Head of Household status for my taxes while he is attending college?

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Students wearing graduation hats

With the costs of obtaining a Master of Business Administration skyrocketing - often costing up to $80,000 - you might be wondering: is my MBA tax deductible?

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books, diploma, and graduation hat

If you have started a family, you know there are many things to take into consideration, including planning for your child’s education. 

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Nurse helping woman

My wife is a nurse, but she does not have a degree. She is interested in taking classes to get a BSN degree - a bachelor of science in nursing.

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stacked books, diploma, and graduation hat

We adopted our grandson three years ago - he is now a freshman in high school. When he goes to college, will his tuition be tax deductible? 

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