The Hope Scholarship Credit may be claimed only for amounts spent on qualified tuition and related expenses. Which expenses are included in qualified tuition and related expenses?
The term “qualified tuition and related expenses” means the tuition and fees an individual is required to pay in order to be enrolled at or attend an eligible institution. Amounts paid for any course or other education involving sports, games, or hobbies are not eligible for the credit, unless the course or other education is part of the student’s degree program. Charges and fees associated with room, board, student activities, athletics, insurance, books, equipment, transportation, and similar personal, living, or family expenses are not qualified tuition or related expenses.
Related Questions
- Are qualified tuition and related expenses for graduate-level education eligible for the Hope Scholarship Tax Credit, the Lifetime Learning Tax Credit or the American Opportunity Credit?
- May both the parent and a dependent child claim the Hope Scholarship Credit for the childs qualified tuition and related expenses in the same year?
- May an individual claim a Hope Scholarship Credit for paying qualified tuition and related expenses for other family members?
