Study abroad expenses may be tax-deductible under specific conditions. The IRS allows deductions for qualified education expenses if the program is accredited and meets eligibility criteria. Tuition and fees might qualify for the American Opportunity Tax Credit (AOTC) or Lifetime Learning Credit (LLC).
However, travel, lodging, and personal expenses are generally not deductible. To claim deductions, ensure the institution is eligible, and keep detailed records. Consult a tax professional to confirm eligibility based on your circumstances, as tax laws vary by country and individual situations.
