Lupe paid the following expenses during December 2017 for her son David's spring 2018 college expenses.The semester begins in February 2018. $\begin{array}{lrr}
\text { Tuition } & \$ 16,000 \
\text { Housing } & 6,000 \
\text { Meal plan } & 2,500
\end{array}$ In addition,David's grandfather paid $500 in fees on behalf of David directly to the college.David is claimed as a dependent on Lupe's tax return.How much of the above expenses qualify for purposes of Lupe's education credit deduction in 2017?

Question

Lupe paid the following expenses during December 2017 for her son David's spring 2018 college expenses.The semester begins in February 2018. $\begin{array}{lrr}
\text { Tuition } & \$ 16,000 \
\text { Housing } &  6,000 \
\text { Meal plan } &  2,500
\end{array}$ In addition,David's grandfather paid $500 in fees on behalf of David directly to the college.David is claimed as a dependent on Lupe's tax return.How much of the above expenses qualify for purposes of Lupe's education credit deduction in 2017?

Quizplus · Accepted Answer

For the purpose of education credit deductions, qualified expenses include tuition and fees required for enrollment or attendance at an eligible educational institution. In this case, Lupe paid $16,000 for tuition, and David's grandfather paid $500 in fees directly to the college, totaling $16,500. Housing and meal plan expenses are not qualified expenses for education credit deductions.

Lupe Paid the Following Expenses During December 2017 for Her Tuition $16,000 Housing 6,000 Meal plan 2,500\begin{array}{lrr}\text { Tuition } & \$ 16,000 \\\text { Housing } & 6,000 \\\text { Meal plan } & 2,500\end{array} Tuition Housing Meal plan ​$16,0006,0002,500​

Lupe Paid the Following Expenses During December 2017 for Her $\begin{array}{lrr}\text { Tuition } & \$ 16,000 \\\text { Housing } & 6,000 \\\text { Meal plan } & 2,500\end{array}$