Has anyone figured out if you can claim Penn Foster as an education on your taxes? I thought this was an accredited school but I guess they do not issue 1098-T. Really wish I would have known this before I signed up. I went with Penn Foster because they was the cheapest on the pocket book. If I would have known I can not claim them on my taxes I would have gone with a local online college and it would have been cheaper and less hassle.
If I was able to claim the fees from Penn Foster on my taxes I would have gotten back an additional $2,091 from my Federal Refund (Based on my fees of $3,200 for the year).
thanks for the help...I did not know this...amazing how much you could have gotten back...for me it is fine if I don't get any back because my course was inexpensive anyway.
I was told no, because Penn Foster is a for-profit school. Also, the IRS does not consider distance education programs to be full time.
I claimed pennfoster on my tax return in 2009 and this year 2012 the irs took back the money I claimed on my tax return which it was almost $2,000 because the irs charge me fees on top of that. It's better to go to a local online college so you will receive a 1098-T