Student Loan & Education Tax Topics

Education

Education: Deductions, Credits, and Answers

There’s no doubt about it, education tax benefits can make a huge difference in your refund. The American Opportunity Tax Credit (AOTC) typically offers the largest tax break. But if you don’t qualify for that, there’s always the Lifetime Learning Cr... read more

is mandatarory 8th grade graduation fees considered a qualifying expense

Can you bypass the EIN requirement for a qualifying foreign university to receive the Lifetime Learning Credit?

I confirmed with the IRS that my UK university qualifies for the Lifetime Learning Credit. I also confirmed with my university that they *don't* have an EIN. Is there a way to bypass the EIN requirement to access the Lifetime Learning Credit? I know ... read more

This answer has been verified for accuracy by an Intuit expert employee My permanent address is different than the address where I pay rent. (I am a student) What should I put?

I live in the same state, I pay my own rent, I live in temporary housing, so my permanent address matches my license and all identification. But I pay rent at a different address.

529 and scholarship

This year my son’s tuition expense is around $24K and he has received a scholarship of $10K. Hence, the remaining tuition that I needs to pay is $14K. Does this mean that I can withdrawal an amount between $10K and $24K from his 529 plan without the ... read more

Am I eligible for the American Opportunity Tax Credit if my employer pays 100% of my tuition?

My employer pays 100% of my college tuition. I received a form 1098T through my school. After entering my form 1098T, I was told that I was eligible for the American Opportunity Tax Credit. This increased my refund by almost $2,000. I am a bit confus... read more

1098-T

Hi! My school does not send me the 1098-T form since the Federal Pell grants fully cover my tuition. Although, how do I report the money that they refunded me?

I don’t work and I go to school can I get a refund ? I also have a dependent?

Setting up a 529 plan on the same year daughter goes to college

We did not setup an 529 for our kids, we should have done it earlier.Right now, we know our college expense would be 40k ish annually.Our plan is to contribute 20k into a 529 plan in year 2026, and then withdraw 20k for college expense within 2026. C... read more

tuition reimbursement and tax refund

So, my employer refunded me $3500 tax free for my summer semester (summer 2023). However, I was not refunded for the spring semester ($6,000) and the refund for the fall semester ($6,000) was not paid until January of 2024. Am I still able to file fo... read more

Qualified 529 expenses

I know you can claim at least as much as the "estimated cost" from the school is. The "estimated cost" assumes a double (I think in one of the freshman dorms), and since freshmen are required to have an Unlimited meal plan, probably the least expensi... read more