Can I deduct my tuition fees for tax purposes?
February 8, 2024 | 40,00 EUR | answered by Andreas Stricker
Dear tax consultant,
my name is Paula Otremka and I am currently studying at the university. Throughout my studies, I have paid significant tuition fees and now I am wondering if I can claim these expenses in my tax return.
The tuition fees amount to a considerable sum and have put a strain on my budget. I am concerned that I might be missing out on money by not deducting the tuition fees from my taxes.
I have already done some research on the internet, but I am not sure if I have found all the relevant information. That is why I am reaching out to you to get clarity.
Could you please explain to me if and to what extent I can deduct my tuition fees from my taxes? Are there any specific requirements that I need to meet in order to claim the costs? And what documents do I need to apply for the tax deduction?
Thank you in advance for your support and clarification of my question.
Sincerely,
Paula Otremka
Dear Mrs. Otremka,
Thank you for your inquiry regarding the tax deductibility of tuition fees. It is understandable that you are concerned, especially if the tuition fees amount to a considerable sum and strain your budget. I am happy to explain to you how you may be able to claim your study costs for tax purposes.
In general, tuition fees can be claimed as special expenses in your income tax return. It is important to note that it must be for a first education or first degree program. This means that the education or program must lead to a profession. Costs for further education, on the other hand, are deductible as work-related expenses.
In order to deduct tuition fees for tax purposes, you must meet certain requirements. For example, the education or program must be work-related and directly related to your future professional activity. Additionally, the costs must not be reimbursed by other means, such as scholarships or other funding.
For the tax deduction, you usually need to provide evidence of the tuition fees, such as payment receipts, bank statements, or a certificate from the university. It is advisable to keep these documents carefully and attach them to your tax return when necessary.
It is recommended that you seek advice from a tax advisor in your specific case to ensure that you consider all relevant information and do not miss out on any tax benefits. I am also available for further questions in my online consultation hours.
I hope that this information has been helpful to you and wish you success in claiming your tuition fees for tax purposes.
Best regards,
Andreas Stricker
Tax Advisor
