Claiming Tuition

Skylyn · Jan 20, 2006

What is the name of your state? PA although this concerns fed income tax

I'm attending college part-time, completing a second BA (I already have a completed BA from several years ago). No student loans are involved.

I pay my tuition directly to the school from my checking account. My employer reimburses me directly for 75% after each semester. I received a tax form from the school with a letter mentioning that tuition can, in some cases, be deducted.

Would I be able to claim the full amount, only 25%, or none at all on my federal income taxes? Any thoughts? TIA.

LdiJ · Jan 20, 2006

Skylyn said:
What is the name of your state? PA although this concerns fed income tax

I'm attending college part-time, completing a second BA (I already have a completed BA from several years ago). No student loans are involved.

I pay my tuition directly to the school from my checking account. My employer reimburses me directly for 75% after each semester. I received a tax form from the school with a letter mentioning that tuition can, in some cases, be deducted.

Would I be able to claim the full amount, only 25%, or none at all on my federal income taxes? Any thoughts? TIA.

You would be eligible to take the "Lifetime Learning credit" for the 25% that was not reimbursed by your employer.

abezon · Jan 20, 2006

Unless your employer included the reimbursements in your income -- check your W-2 carefully. The tuition payments should be reported in box 12 or 14, or included in box 1 as wages. If the reimbursements are included in income, you can take a deduction/credit on the full amount of tuition & fees.

Claiming Tuition

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Skylyn

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