b_priest9mm
A work in progress...
All my money going right to Sallie Mae punk ass.
Take out federal student loans, brehs.
Take out federal student loans, brehs.
So its Tax Return Season.....
- Thread starter ItWasWritten
- Start date
muzikfrk75
#4080
it don't answer the specific questions I asked you
Questions and Answers
If you still have questions about the American Opportunity Tax Credit, these questions and answers might help.
The_King_of_Everything
Yeah.
Savings
The Realist Perspective
Superstar
Do it through HRBlock. They will explain all you need. I'm no tax expert..I just know it applies to me
Edit:
It is a tax credit of up to $2,500 of the cost of tuition, fees and course materials paid during the taxable year. Also, 40% of the credit (up to $1,000) is refundable. This means you can get it even if you owe no tax.
In general, qualified expenses for the education tax credits include tuition and required fees for the enrollment or attendance at an eligible post-secondary educational institution. To be creditable, the expenses paid during a taxable year must relate to: (1) an academic period that begins in the same taxable year; or (2) an academic period that begins in the first three months of the following taxable year. See Publication 970, Tax Benefits for Education.
The following expenses do not qualify:
- Room and board.
- Transportation.
- Insurance.
- Medical expenses.
- Student fees unless required as a condition of enrollment or attendance.
- Same expenses paid with tax-free educational assistance.
- Same expenses used for any other tax deduction, credit or educational benefit.
A. Generally, a taxpayer whose modified adjusted gross income is $80,000 or less ($160,000 or less for joint filers) can claim the credit for the qualified expenses of an eligible student. The credit is reduced if a taxpayer’s modified adjusted gross income exceeds those amounts. A taxpayer whose modified adjusted gross income is greater than $90,000 ($180,000 for joint filers) cannot claim the credit.
What school do you go to and what's your damn GPA
Spidey Man
Superstar
I wanna cop a nice gun for protection but most likely the majority of it will go to bills
the artist known az
Hail the victors
Did you get a 1098-T form from your school?so anybody in school can get this? Does it apply to the people getting financial aid?
god shamgod
Veteran
the artist known az
Hail the victors
When you enter that info, it will tell you if you can get it back....That's how it always worked for meI see it now my bad
Not yet
muzikfrk75
#4080
the artist known az
Hail the victors
Got mine today...still no W-2 thoI'm waiting on mine
And my 2 W2s
gonna be like birdman this year....