You may take this deduction only if all the five of the following apply:
1. You paid qualified tuition and fees for yourself, your spouse, or your dependent(s) for whom you claim for exemption.
2. Your filing status is any status except married filing separately.
3. Your modified adjusted gross income (AGI) is not more than: $80,000 if single, head of household, or qualifying widow(er);$160,000 if married filing jointly.
4. Your child has not been claimed as a dependent on someone’s (such as on yours or your spouse tax return.
5. You are not claiming an education credit on your child for whom you are claiming the deduction.
6. you paid qualified education expenses of higher education.
7. you paid the education expenses for an eligible student.
You can decrease your income subject to tax by up to $4,000. |