The § 222 deduction for tuition and related expenses is available:
A)Regardless of the amount of a taxpayer's MAGI.
B)To cover room and board expenses to attend college.
C)To a married taxpayer filing a separate return.
D)Only if a taxpayer does not claim the standard deduction.
E)None of the above.

Question

Quizplus · Accepted Answer

The § 222 deduction for tuition and related expenses was available only for certain tax years and had specific eligibility requirements, including income limits and filing status restrictions. It did not cover room and board expenses, and it was not available to married taxpayers filing separately. Additionally, it was not contingent on whether the taxpayer claimed the standard deduction. However, as of the latest updates, this deduction is no longer available.

The § 222 Deduction for Tuition and Related Expenses Is