Qualifying tuition expenses paid from the proceeds of a tax-exempt scholarship do not give rise to an education tax credit.

Name: Qualifying tuition expenses paid from the proceeds of a tax-exempt scholarship do not give rise to an education tax credit.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Qualifying tuition expenses paid with tax-exempt scholarship funds cannot be used to claim an education tax credit, such as the American Opportunity Credit or Lifetime Learning Credit.

Qualifying Tuition Expenses Paid from the Proceeds of a Tax-Exempt