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Do I put my college tuition on my taxes if financial aid paid for it?
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- ?Lv 74 years ago
It depends what type of financial aid.
Generally, if you got free money, such as scholarships & grants which you do not have to repay later, then you cannot deduct the tuition. In fact its possible for the scholarships & grants to count as taxable income.
If you got loans which you will have to repay later, then you can deduct the tuition and other qualifying expenses.
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