College tuition
$10,000-$60,000/yr
Can I Write Off College Tuition?
Short answer: Not as a deduction, but tuition can earn the American Opportunity Credit (up to $2,500 per student) or the Lifetime Learning Credit (up to $2,000).
Both credits phase out at higher incomes, and you can't use the same dollars for a credit and a tax-free 529 withdrawal.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
College tuition
Typical range: $10,000-$60,000/yr
Individuals / Personal Taxes
Not as a deduction, but tuition can earn the American Opportunity Credit (up to $2,500 per student) or the Lifetime Learning Credit (up to $2,000).
Business justification
Not as a deduction, but tuition can earn the American Opportunity Credit (up to $2,500 per student) or the Lifetime Learning Credit (up to $2,000). Both credits phase out at higher incomes, and you can't use the same dollars for a credit and a tax-free 529 withdrawal.
Category
- Personal Tax Deductions