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Deductions & credits
You only need $4,000 of qualified tuition and expenses to claim the full amount of education credit. The rest of the bond interest can be deducted on form 8815.
For example, 1098-T has tuition of $20,000. Only $4,000 goes on the 1098-T and $16,000 can go to the bonds. No double dipping.
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March 25, 2025
4:09 PM