What does the term qualified tuition and related expenses mean for purposes of the Hope Scholarship Tax Credit and the Lifetime Learning Tax Credit?
Qualified tuition and related expenses are tuition and fees required for enrollment or attendance at an eligible educational institution. Qualified expenses do not include books, room and board, student activities, athletics (unless the course is part of the student’s degree program), insurance, equipment, transportation, or other similar personal, living or family 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?
- 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?
- What does the term qualified tuition and related expenses mean for purposes of the Lifetime Learning Credit?