Can i deduct an amt of tuition tranferred to me from my FT student child if the tuition was paid from a Tuition fund i contributed to for the last 20+ years?

Yes, you can claim the student tuition transfer even if you have contributed to it for the last 20 + years.  

First, the tuition tax credit is claimed by the student and can be transferred up to a maximum of $5000 to you as parents if there is any amount left over after your child has claimed the tuition fee as a full-time student.  You can reduce your taxable amount from this transferred amount.

If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter

Thank you for choosing TurboTax.