Tax Credit Changes for Students Convicted of Protest-Related Offenses
New rules may affect student tax benefits. Individuals convicted of certain campus-related offenses during protests could lose eligibility for education tax credits like the American opportunity credit and lifetime learning credit. This also impacts deductions for interest paid on qualified education loans.
Key points
Students convicted of offenses like unlawful assembly, rioting, trespassing, vandalism, or battery on campus during protests may lose eligibility for education tax credits.
This applies to the American opportunity credit, lifetime learning credit, and the deduction for interest paid on qualified education loans.
The changes will apply to academic periods beginning after the law's enactment date.
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