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How can I claim Tuition and Fees Deduction?

How can I claim Tuition and Fees Deduction?
 
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Category : > Income Tax Filing Across The USA
Posted On : Tue Oct 06th,2009

 
How can I claim Tuition and Fees Deduction?
 

 You may be able to take the deduction if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. The deduction is based on the amount of qualified education expenses you paid for the student for a certain academic period.

 

Qualified education expenses must be reduced by any expenses paid directly or indirectly using tax-free educational assistance. Generally, in order to claim the deduction for qualified education expenses for a dependent, you must meet certain conditions.

 

You cannot claim the tuition and fees deduction if any of the following apply.

 

  • Your filing status is married filing separately.
  • Another person can claim an exemption for you as a dependent on his or her tax return. You cannot take the reduction even if the other person does not actually claim that exemption.
  • Your modified adjusted gross income (MAGI), is not with certain limits, as set by the law in force at the time
  • You were a nonresident alien for any part of the year and did not elect to be treated as a resident alien for tax purposes.

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