Education TurboTax Education Credits and Deductions Calculator Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Published Apr 14, 2016 - [Updated Jul 29, 2022] 0 min read With the cost of education on the rise, you’ll be glad to know that education credits and deductions may help offset some of that cost. Whether you’re a student or parent of a student, with this calculator, you’ll be able to find out what education credits and deductions you’re eligible to claim on your tax return by just answering a few simple questions about your life. Previous Post Education Tax Deductions and Credits to Maximize Your Tax Refund Next Post Cashing in Your 529 Plan to Send Your Kids to… Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. 7 responses to “TurboTax Education Credits and Deductions Calculator” Is there a salary cap for getting the Education Tax Credit? Sharon, The income cap for claiming the Education Tax Credit is $90,000 for single filers and $180,000 for joint filers. Mary Ellen My oldest son’s dad claims him as a dependent. He makes over the $100,000 and he is single. I pay for half of my sons educational expenses. I claim my youngest son and make below $32,000. So I don’t get to claim any educational expenses I have paid and neither can my son’s dad, right? Thanks for your time Sharon Are books and other supplies deductible or just tuition? Chris, Books and school supplies may qualify for the American Opportunity Tax Credit. Mary Ellen I paid partial tuition fee in amount of $3,600 for my 10 year old grandson in private institution–Can I claim anything at all? I am guessing ONLY the parent can institute any educational ,is that correct? Hi Jeanne, To claim an education deduction or credit, the student must be the taxpayer, spouse (if filing a joint tax return), or claimed as a dependent on the tax return. Expenses for elementary school and high school education don’t qualify for most education deductions and credits. Thank you, Mary Ellen Browse Related Articles Education Education Tax Deductions and Credits to Maximize Your Tax Refund Education Education Tax Credit: Back-to-School Tax Savings & Deductions Education Going Back to School After 40: Know The Tax Benefits Education An Education in Student Savings – 10 Common Tax Deductions and Savings for Students Education Back-to-School Savings: Tax Tips for Parents and Students Education Who Should Take Education Tax Breaks: Parents or Students? Tax Tips Guide to Education Tax Credits and Deductions Family TurboTax Dependents Credits and Deductions Calculator Education How to File Taxes as a College Student Education Is This Tax Deductible? Student Loans
Sharon, The income cap for claiming the Education Tax Credit is $90,000 for single filers and $180,000 for joint filers. Mary Ellen
My oldest son’s dad claims him as a dependent. He makes over the $100,000 and he is single. I pay for half of my sons educational expenses. I claim my youngest son and make below $32,000. So I don’t get to claim any educational expenses I have paid and neither can my son’s dad, right? Thanks for your time Sharon
I paid partial tuition fee in amount of $3,600 for my 10 year old grandson in private institution–Can I claim anything at all? I am guessing ONLY the parent can institute any educational ,is that correct?
Hi Jeanne, To claim an education deduction or credit, the student must be the taxpayer, spouse (if filing a joint tax return), or claimed as a dependent on the tax return. Expenses for elementary school and high school education don’t qualify for most education deductions and credits. Thank you, Mary Ellen