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Tuition Expenses Paid to Qualified Ohio Educational Institution
You may deduct up to $2,500 of tuition paid to an Ohio-based educational institution for the first two years of post-secondary education leading to a degree for yourself, your spouse and your dependents if you meet the following limitation: Limitation: You are an Ohio resident and you are either a single taxpayer with a federal adjusted gross income of less than $50,000 or a married taxpayer filing a joint return with a federal adjusted gross income of less than $100,000. Important Notes: Married taxpayers who file separate returns and all nonresidents cannot claim this deduction. The tuition paid is limited to $2,500 per student each year with a maximum deduction of $5,000 per student over a five-year period. The first two years of post-secondary education must be completed within a five-year period. Example: Jim and Martha Brown are Ohio residents who have three dependent children attending college. Two of the children are freshmen at Ohio University and they paid in excess of $2,500 each in tuition and fees in 2005. The third child has attended Columbus State Community College on a part-time basis for the past three years and has earned enough credits to be considered a sophomore. The third childs tuition and fees totaled $1,750 in 2003. Tom and Mickie can deduct $6,750 on their 2003 return ($2,500 for the first child, $2,500 for the second child, and $1,750 for the third child).
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