Scholarship Stipend and 529 Plan

BelknapPoint
Thu, 31 Aug 2017 12:41:55 +0000

Thanks. My mistake for not reading all 95 pages! I now see that you have to be at least a 1/2 time student to deduct room and board, and that for students living off campus you can only deduct up to the normal cost of living on-campus. This has been very helpful.

Using the word “deduct” males me think that you might be talking about the tuition and fees deduction for education expenses. Room and board is not a qualified expense for the tuition and fees deduction.