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
@Hal_Al ,I’m still not clear on whether taxable scholarships our student
reports as income increase the qualified portion of our 529 distribution
or reduce it – depending on whether we took a 529 reimbursement for some
of the taxable scholarship tota...read more
Hello, this is my first time filing taxes ever. I am a dependent student
-- according to what i've submitted to FAFSA, and also live at home etc.
However, my parent does not file taxes. Would I be able to receive any
of the education tax credit when ...read more
My daughter attended the University of Washington last year getting her
doctorate degree. She received payments qualified tuition expenses as a
stipend. They gave her $24,841 her scholarships to grants. Totaled
$40,261 she paid rent all year long at ...read more
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
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.
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
mdktech24Posted Wednesday
| Latest post Wednesday by
Hal_Al
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
Nani84Posted June 6, 2019
| Latest post Tuesday by
Hal_Al
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?