It is important to note all of these plans are for
qualifying educational expenses at eligible educational institutions.
Not exact matches
Qualified Expenses: Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, not including personal, living, or family expenses (such as room an
Expenses: Tuition and fees required for enrollment or attendance
at an eligible postsecondary
educational institution, not including personal, living, or family
expenses (such as room an
expenses (such as room and board)
Parents must sign an agreement that says they will use
at least a portion of the ESA funds to provide an education in,
at a minimum, English language arts, mathematics, social studies and science, use the scholarship funds only for
qualifying educational expenses, and not use funds to purchase nonallowable computer hardware, other technology or consumable
educational supplies or on tuition
at a higher education institution or a noneligible nonpublic school.
The IRS also allows
qualifying individuals to claim tax credits for
educational expenses, but,
at the time of publication, no such credit is available in California.
They can help to pay for
qualified education
expenses such as tuition, fees and books, as well as certain room and board costs
at eligible
educational institutions.
UESP account funds can be used to pay for tuition, fees, books, supplies, and other
qualified educational expenses without tax penalty
at many higher education institutions outside the United States.
Contributions to a Coverdell Account are not deductible, but amounts deposited in the account grow tax - free until distributed, and there is no tax on distributions if they are for enrollment or attendance
at an eligible
educational institution or
qualified education
expenses, such as tuition and fees, required books, supplies and equipment and
qualified expenses for room and board.
So as an example, if you attended a
qualified educational institution but were not
at least half - time it appears an argument could be made to discharge room and board
expenses.
2)
Qualified higher education expenses The term «qualified higher education expenses» means the cost of attendance (as defined in section 472 of the Higher Education Act of 1965, 20 U.S.C. 1087ll, as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997) at an eligible educational institution, reduced by the
Qualified higher education
expenses The term «
qualified higher education expenses» means the cost of attendance (as defined in section 472 of the Higher Education Act of 1965, 20 U.S.C. 1087ll, as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997) at an eligible educational institution, reduced by the
qualified higher education
expenses» means the cost of attendance (as defined in section 472 of the Higher Education Act of 1965, 20 U.S.C. 1087ll, as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997)
at an eligible
educational institution, reduced by the sum of --
Qualified expenses include tuition and fees; required books, supplies, and equipment; computers, peripheral equipment,
educational software, and internet service; and certain room and board costs
at any university, college, or technical school in the United States or abroad that participates in federal student financial aid programs.
At the very least it certainly sounds like you have a real issue surrounding that part of your private student loans that exceeded the limits of a «
qualified educational expense» and the amounts above that may not be protected in bankruptcy from discharge.
ESA contributions are not tax - deductible, but they may earn interest tax - deferred until distributed, and the child will not owe tax on any distribution from the account if it is equal to or less than the child's
qualified education
expenses at an eligible
educational institution for the year.
These
qualified education
expenses are tuition, fees, books, supplies and equipment required for the enrollment to or attendance
at an eligible
educational institution.
529s allow individuals to prepay or save for
qualified education
expenses at eligible
educational institutions.
Room and board
expenses are
qualified expenses, as long as they don't exceed the amount determined by the eligible
educational institution for a student enrolled
at least half time.
Qualified education
expenses include tuition and fees required for enrollment or attendance
at an eligible postsecondary
educational institution, but not including personal, living, or family
expenses, such as room and board.
Qualified higher education
expenses include tuition, fees, and the cost of books, supplies, and equipment required for the enrollment and attendance of the beneficiary
at an eligible
educational institution, and certain room and board
expenses.
The
educational expenses must be
at an institution that
qualifies for federal assistance and take place in the same tax year that the bond is redeemed.
Money from a scholarship or grant is generally not taxable income as long as you are a candidate for a degree
at a
qualified educational institution AND the amounts you receive are used for tuition, fees, or other
qualified educational expenses (books, supplies, equipment, and other required course materials).
A
qualified education
expense is one that is required for the enrollment or attendance by your child
at an eligible
educational institution, including elementary, secondary or post-secondary institutions.
These
qualified education
expenses are tuition, fees, books, supplies and equipment required for the enrollment or attendance of a student
at an eligible
educational institution, and must be used in the year of the withdrawal.