To help ease the financial burden for South Carolina college students and their families, the South Carolina General Assembly has created an income tax credit for tuition paid to South Carolina colleges and universities.
Who can claim the credit?
The student, parents, guardian or whomever actually pays the tuition and claims the student as a dependent on their tax return may claim the credit. If the parent and student split the cost of the tuition, they also may split the credit on the tax return. However, the combined credit claimed by the parent and student may not exceed the maximum amount of the credit. Parents or guardians with more than one student in college may claim a credit for each qualifying student.
Who qualifies for the credit?
The student must have:
The student must not: