- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Education
Yes, the clerk is correct. You can use your student school account statement and enter the pertinent information from it.
Make sure you keep a copy with your tax records.
Report what was paid in tax year 2016 for education expenses incurred for tax year 2016 and/or the first 3 months of 2017 (if paid in 2016).
Also report all tax-free assistance.
According to the IRS:
" a taxpayer may claim one of these education benefits without a Form 1098-T if the taxpayer otherwise qualifies, can demonstrate that the taxpayer (or a dependent) was enrolled at an eligible educational institution, and can substantiate the payment of qualified tuition and related expenses."
CLICK HERE for IRS Pub 970 Tax Benefits for Education
‎June 4, 2019
2:05 PM