qualified educational expenses

Qualified educational expenses are the costs associated with education that qualify for certain tax benefits, such as the American Opportunity Credit or the Tuition and Fees Deduction. These expenses typically include tuition, fees required for enrollment or attendance, and course-related expenses like books, supplies, and equipment needed for courses. They generally do not cover costs like room and board, transportation, or optional supplies. Only expenses paid to eligible post-secondary institutions qualify. Understanding which expenses qualify helps in maximizing available tax credits or deductions related to education costs.