<p>So the home school sends the document of expenses but we paid some expenses directly to the study abroad program. The home school gave us the scholarship money, we sent it to the study abroad program along with the difference. Can we count the difference on our income taxes for education credit or Hope whatever we normally qualify for? Also, can 529 funds be used for study abroad expenses?
Thanks for any input. We're on the home stretch here.</p>
<p>Sorry, tax forms not froms!</p>
<p>Any thoughts?</p>
<p>Regarding the 529 question, as I understand it 529 money can be used for study abroad basically anywhere if you actually pay the funds to the home college directly for the study abroad program. If you are paying money to the foreign college directly, it has to be a college with a Federal School Code in order for it to be an eligible institution. You can find the schools that are eligible here: [Federal</a> Student Aid - IFAP: iLibrary - Federal School Code List](<a href=“http://www.ifap.ed.gov/ifap/fedSchoolCodeList.jsp]Federal”>http://www.ifap.ed.gov/ifap/fedSchoolCodeList.jsp)</p>
<p>In the PDF format, after the directory of domestic colleges, there are foreign colleges and universities that have a federal school code.</p>
<p>I don’t believe you can use 529 funds in claiming the education tax credits because it has already gotten preferential tax treatment once, and to use it for a tax credit would be “double dipping.” I believe there is something about that in IRS publication 970.</p>
<p>Thanks for the link. Alas, the international school is not on the list. Getting the taxes done on Friday and will clarify the 529 funds vs tax credit. A little nervous that I may have been doing this wrong for all of the college years.</p>