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Education
Unfortunately , the information on a 1098-T can not be split between 2 returns.
If your parents are claiming you on their return then they would be allowed to enter the 1098-T on their return otherwise if they are not claiming you and you are going file a tax return then you would be allowed to claim the information on the 1098-T.
See below IRS requirements for education credit.
Qualifications for claiming the American Opportunity Tax Credit are:
- You paid qualified education expenses for higher education (see Related Information below)
- You paid education expenses for eligible students
- The eligible student is you, your spouse, or a dependent for whom you claim an exemption
- Your modified adjusted gross income is $90,000 ($180,000 if married filing jointly) or less (The credit is reduced between $80,000 and $90,000 ($160,000 and $180,000)
- You must be taking courses at an eligible education institution, which is any college, university, or vocational school with a student aid program administered by the US Department of Education.
You must be considered an eligible student:
- You are enrolled at least half-time in a program leading to a degree,certificate, or other recognized credential
- You had at least one academic period beginning during the year
- You did not use the American Opportunity Tax Credit in any four previous years
- You did not complete the first four years of post-secondary education before the beginning of the year
You are not eligible to claim the American Opportunity Tax Credit if:
- Your filing status is Married Filing Separately.
- Taxpayer is listed as a dependent on another person’s return.
- You and your spouse were non-resident aliens.
- You have a felony drug conviction.
You are eligible to claim the Lifetime Learning Credit if all of the following requirements are met:
- You (or your dependent or a third party) paid qualified education expenses for higher education.
- You paid the education expenses for an eligible student.
- The eligible student is you, your spouse, or a dependent you claim an exemption for on your tax return.
- Your modified adjusted gross income is less than $65,000($131,000 if you are married filing jointly).
- The credit is reduced between $55,000 and $65,000 ($111,000 and $131,000).
One of the advantages of the Lifetime Learning Credit is that you can take the credit every year for higher education as long as you meet the qualifying requirements.