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Category: Education Credits/deductions
5 Articles
Orange arrow What are qualifying expenses for Education Credits?

  Rules That Apply to Both CreditsWhat Expenses Qualify?Generally, qualified expenses are amounts paid during the tax year for tuition and fees required for the student's enrollment or attendance at an eligible educational institution. It does not matter whether the expenses were paid in cash, by che...
Orange arrow How do I claim Tax-Free Educational Assistance and Refunds of Qualified Expenses?

  Tax-free educational assistance includes a tax-free scholarship, Pell Grant, or tax-free employer-provided educational assistance. You must reduce the total of your qualified expenses by any tax-free educational assistance and by any refunds of qualified expenses. If the refund or tax-free assista...
Orange arrow Tuition and Fees

  This deduction expired in 2017, no longer available. Who Can Take the Deduction?You may be able to take the deduction if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. The deduction is based on the amount...
Orange arrow What is Form 8917 Used For?

  This deduction expired for 2017, no longer available. Form 8917 is used to claim the Tuition and Fees deduction. Taxpayer's cannot claim both the adjustment to income and education credits (form 8863) for the same student.
Orange arrow Should I take a credit or an adjustment for my tuition and fees?

  Tax credits, deductions and savings plans can help taxpayers with their expenses for higher education. A tax credit reduces the amount of income tax you may have to pay. A deduction reduces the amount of your income that is subject to tax, thus generally reducing the amount of tax you may have ...

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