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
This is our 1st year dealing with this 1098T. Box 1 has 2859.15, Box 5
has 10801.65. My daughter has W2 income of around 14000. What goes on
her return and what goes on our return? Is it beneficial for us to put
the entire form on our return or go on...read more
livalotPosted 5 hours ago
| Latest post 3 hours ago by
Hal_Al
@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