Anonymous
12/11/2025 15:17
Subject: do I get to deduct any of this college tuition off my taxes?
you can let your kid file on their own. don't claim them. They can get a refund.
Anonymous
12/11/2025 13:20
Subject: do I get to deduct any of this college tuition off my taxes?
Anonymous wrote:Anonymous wrote:If your income is less than 90k/180k you can get a tax credit. Otherwise the 529 is the tax break— no tax at all on gains.
Worth only $2500 so insignificant when looking at a SLAC at $95k a year
Families under 180K aren't paying 95K a year
Anonymous
12/11/2025 11:25
Subject: do I get to deduct any of this college tuition off my taxes?
Up to $2500 if your income is below $80k single/$160k couple
Details here:
https://www.irs.gov/credits-deductions/individuals/american-opportunity-tax-credit
Here's the AI summary, but if you're actually filing for it, refer to the IRS official info.
American Opportunity Tax Credit (AOTC)
The AOTC is a valuable, partially refundable federal tax credit designed to help offset the costs of higher education for the first four years of postsecondary study.
Maximum Credit: Up to $2,500 annually per eligible student.
Calculation: It covers 100% of the first $2,000 in qualified expenses and 25% of the next $2,000 in expenses.
Refundability: Up to 40% of the credit (a maximum of $1,000) may be refundable, meaning you can receive money back even if you owe no taxes.
Eligibility Requirements:
The student must be pursuing a degree or other recognized education credential.
Enrolled at least half-time for at least one academic period during the tax year.
Income limitations apply: for 2025, the full credit is available for individuals with a modified adjusted gross income (MAGI) of $80,000 or less, or married couples filing jointly with a MAGI of $160,000 or less.
Qualified Expenses: Includes tuition, required enrollment fees, and course materials (books, supplies, equipment) needed for study.
Details here:
https://www.irs.gov/credits-deductions/individuals/american-opportunity-tax-credit
Here's the AI summary, but if you're actually filing for it, refer to the IRS official info.
American Opportunity Tax Credit (AOTC)
The AOTC is a valuable, partially refundable federal tax credit designed to help offset the costs of higher education for the first four years of postsecondary study.
Maximum Credit: Up to $2,500 annually per eligible student.
Calculation: It covers 100% of the first $2,000 in qualified expenses and 25% of the next $2,000 in expenses.
Refundability: Up to 40% of the credit (a maximum of $1,000) may be refundable, meaning you can receive money back even if you owe no taxes.
Eligibility Requirements:
The student must be pursuing a degree or other recognized education credential.
Enrolled at least half-time for at least one academic period during the tax year.
Income limitations apply: for 2025, the full credit is available for individuals with a modified adjusted gross income (MAGI) of $80,000 or less, or married couples filing jointly with a MAGI of $160,000 or less.
Qualified Expenses: Includes tuition, required enrollment fees, and course materials (books, supplies, equipment) needed for study.
Anonymous
12/11/2025 11:22
Subject: do I get to deduct any of this college tuition off my taxes?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:anyone know money stuff?
2 kids. I'm spending over 120k a year in tuition etc. Some of it I can draw from 529
do I get to deduct any of it? these kids are listed as dependents (bcs they are)
I’m
Spending $200k year in tuition for 2. Answer: no.
Is this a contest?
$ 200k a year is financial stupidly
Not for those with means.
Then why is OP whining about tax deductions. Pay up!
I'm not whining nor am I paying 200k. that was in my OP. I'm asking a question - and got an answer. TYVM