College expenses as a deduction
What college expenses may I include when filing my taxes
Terry Says
This is such a complicated question, with so many variables, that I am going to direct you to IRS Publication 970 that explains all of them. Just click on the blue link I provided to go directly there. And be sure to compare the benefits of this deduction (against income -- if you qualify) with the potential benefits of the American Opportunity Credit, and the lifetime learning credit. This is complex, and it might be worthwhile consulting a tax professional to help you understand each and how it would impact your tax liability.