Drake Tax – NY: IT-272 and Federal Tuition Credit Deductions

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Article #: 11835


Federal Tuition Credit Deductions and NY Form IT-272

You do not need to add back the federal tuition and fees deduction. Per the IT-272 instructions, taxpayers are allowed both the federal tuition and fees deduction and the IT-272 credit or deduction:

“You can claim the New York credit or deduction even if you claim a federal credit or deduction for qualified college tuition expenses. There is no limit on the number of eligible students for whom you may claim a credit or deduction. You may claim either the credit or the deduction but not both.

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Only expenses for undergraduate enrollment or attendance qualify.”

If the student attended more than one college during the tax year, see Drake Tax – NY: Form IT-272 or IT-203-B: Student Attended Two or More Colleges