College tuition credit or itemized deduction

You are entitled to this credit or deduction if you:

  • were a full-year New York State resident,
  • your spouse or dependent (for whom you have taken an exemption) were an undergraduate student who was enrolled at or attended an institution of higher education and paid qualified tuition expenses, and
  • are not claimed as a dependent on another person's tax return.

What are qualified tuition expenses?

  • Qualified tuition expenses include only tuition paid for the undergraduate enrollment or attendance of the student at an institution of higher education. This includes expenses paid from a qualified state tuition program (like New York's 529 College Savings Program).
  • Qualified tuition expenses do not include:
    • tuition paid through scholarships or other financial aid that need not be repaid
    • amounts paid for room and board, and other similar personal or living expenses
    • amounts paid for books, equipment, and activities, even if required by the school

How much is the credit or deduction?

  • The credit can be as much as $400 per student. If it is more than the amount of New York State tax that you owe, you can claim a refund.
  • The maximum deduction is $10,000 for each eligible student. The college tuition itemized deduction may offer you a greater tax savings if you itemized deductions on your federal return.
  • Use the worksheets in the instructions to compute your deduction and see if the credit or deduction is better for you. (See IT-272-I instructions)

For additional information on claiming this credit, see Form IT-272, Claim for College Tuition Credit or Itemized Deduction and its instructions.

For more information on claiming the college tuition itemized deduction, See Form IT-203-B, Nonresident and Part-Year Resident Income Allocation and College Tuition Itemized Deduction Worksheet, and its instructions in Form IT-203-I.

Updated: December 17, 2013