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Subject Author Date
deducting education costs Jeff 03-24-2008
Posted by Jeff on March 24, 2008, 2:41 pm
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In 2007, I paid the college costs of a child who is no longer my
dependent and has not been my dependent for several years. I believe I
can still deduct those tuition costs which I paid by check directly to
the University.

Is that correct?

Where in the tax forms do I list those paid tuition costs.

Thanks.

Jeff

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Posted by Phil Marti on March 24, 2008, 3:40 pm
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"Jeff" wrote:

> In 2007, I paid the college costs of a child who is no longer my dependent
> and has not been my dependent for several years. I believe I can still
> deduct those tuition costs which I paid by check directly to the
> University.
>
> Is that correct?

Sorry, no. See IRS Publication 970.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
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Posted by Paul Thomas, CPA on March 24, 2008, 3:58 pm
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> In 2007, I paid the college costs of a child who is no longer my dependent
> and has not been my dependent for several years. I believe I can still
> deduct those tuition costs which I paid by check directly to the
> University.
>
> Is that correct?






Nope. It's not deductible tuition, nor is it elgible for any education tax
credits.....for you.

The education tax credit stays with the student, so amounts you pay ~may~ be
used by the student, if they file their own returns and claim themselves.





--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Jeff on March 24, 2008, 5:27 pm
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Paul Thomas, CPA wrote:
>> In 2007, I paid the college costs of a child who is no longer my
>> dependent and has not been my dependent for several years. I
>> believe I can still deduct those tuition costs which I paid by check
>> directly to the University.
>>
>> Is that correct?
>
> Nope. It's not deductible tuition, nor is it elgible for any
> education tax credits.....for you.
>
> The education tax credit stays with the student, so amounts you pay
> ~may~ be used by the student, if they file their own returns and
> claim themselves.
Ah. I must have had it mixed up with medical expenses. I beleive
medical expenses are deductible even if paid for a non dependent.
Correct?

Jeff

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Paul Thomas, CPA on March 24, 2008, 5:57 pm
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> Paul Thomas, CPA wrote:
>>> In 2007, I paid the college costs of a child who is no longer my
>>> dependent and has not been my dependent for several years. I
>>> believe I can still deduct those tuition costs which I paid by check
>>> directly to the University.
>>>
>>> Is that correct?
>>
>> Nope. It's not deductible tuition, nor is it elgible for any
>> education tax credits.....for you.
>>
>> The education tax credit stays with the student, so amounts you pay
>> ~may~ be used by the student, if they file their own returns and
>> claim themselves.

> Ah. I must have had it mixed up with medical expenses. I beleive medical
> expenses are deductible even if paid for a non dependent. Correct?





If the person meets all the other criteria, except for the income
limitations, or they are claimed by the other parent, then any medical
expenses paid on their behalf would count as medical on your Schedule A.




--
Paul A. Thomas, CPA
Athens, Georgia

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

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