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What is a qualified/non-qualified expense?

April 26, 2017expense non-qualified qualified

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What is a qualified/non-qualified expense?

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Qualified expenses are those eligible for a tax credit or deduction, while non-qualified expenses are not eligible for a credit or deduction. C of O’s Cost of Education (tuition), part-time class charges, and certain class-related fees are qualified expenses, but room and board and the incidental fee are non-qualified expenses (BUT SEE Q6 BELOW). Qualified expenses billed to C of O students in 2008 are reported in Box 2.