Is a new instrument considered school supplies?

CTScoutmom
Wed, 10 Apr 2013 15:52:07 +0000

Not everything covered by COA is non-taxable, so having it included in COA may make money available, but won’t won’t necessarily make it tax-free. Qualified expenses (those that are tax-free, and used to qualify for the American Opportunity Credit) include tuition, fees, and specifically required books and materials. Most STEM programs require the use of a computer, but the cost of a computer is not a qualified expense for those students either.