2 Matching Annotations
- Feb 2024
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www.irs.gov www.irs.gov
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You cannot claim a credit for education expenses paid with tax-free funds. You must reduce the amount of expenses paid with tax-free grants, scholarships and fellowships and other tax-free education help.
What are
tax-free funds? Are fellowship / tuition for grad students paid by faculty grants counted as tax free?
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Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student.
Does Tuition paid for graduate students by the professor (from research grants) count as a third party?
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