2007-03-03 13:04:43 · 5 answers · asked by land1090 1 in Business & Finance ➔ Taxes ➔ United States
No.
The only expenses allowed to be used for the education credits or the education deduction are Tuition and Fees. Books are only eligible if they are required to be purchased at the school.
If your son is a full time student, his tuition alone will probably max out the credit or the deduction.
2007-03-03 13:15:56 · answer #1 · answered by Wayne Z 7 · 2⤊ 0⤋
No you can't. Only tuition and fees are eligible expenses for education credits, not room and board whether on-campus or off. And there is nothing in the tax code to allow you to deduct room and board either.
2007-03-03 21:23:09 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Doubtful. Check with a good CPA.
2007-03-03 21:11:34 · answer #3 · answered by ckm1956 7 · 1⤊ 2⤋
Yes you can because its all apart of expenses.
2007-03-03 21:09:53 · answer #4 · answered by maxineodom2003 1 · 1⤊ 6⤋
No.
2007-03-04 12:39:01 · answer #5 · answered by figment_usa 5 · 0⤊ 0⤋