Kids' college tuition
$10,000-$60,000/yr
Can You Write Off Kids' College Tuition?
Short answer: Parents who claim the student as a dependent can take the American Opportunity Credit of up to $2,500 per student per year.
The credit covers the first four years of college; 40% of it (up to $1,000) is refundable.
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.
Kids' college tuition
Typical range: $10,000-$60,000/yr
Individuals / Personal Taxes
Parents who claim the student as a dependent can take the American Opportunity Credit of up to $2,500 per student per year.
Business justification
Parents who claim the student as a dependent can take the American Opportunity Credit of up to $2,500 per student per year. The credit covers the first four years of college; 40% of it (up to $1,000) is refundable.
Category
- Personal Tax Deductions