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Qualified expenses are amounts paid for tuition, fees and other related expense for an eligible student that are required for enrollment or attendance at an eligible educational institution. You must pay the expenses for an academic period* that starts during the tax year or the first three months of the next tax year.
Resources to better understand education tax credits, deductions and credits. You, or the person who may claim you as a dependent, may be able to take either the tuition and fees deduction or claim a Hope and/or Lifetime Learning credit on your federal tax return for qualified tuition and related expenses that were actually paid in a given year
Form 1042-S is issued to nonresident aliens (for tax purposes) who have received scholarships that exceed tuition and mandatory fees. Form 1042-S is a report of tax withheld and is mailed in mid-March.
In general, qualified tuition and related expenses for the education tax credits include tuition and required fees for the enrollment or attendance at eligible post-secondary educational institutions (including colleges, universities and trade schools).
For more information about the deduction or credits, see IRS Publication 970 Education Tax Credits. To claim the credits for tuition and fees paid to Harvard, you need to obtain a Form 1098-T from the school you attended during the year for the year in which the amounts were paid:
In most cases, TAP benefits may be considered taxable to the employee unless they are considered job-related. See the steps and processes required to request a TAP benefit be considered nontaxable at HARVie Tuition Assistance website.
Expenses that are considered tuition include all tuition and fees required for enrollment, books, fees, supplies, and equipment for courses of instruction. Additional amounts, such as amounts provided for room and board or for travel expenses, are taxable.
