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Tuition and Fees Deduction

You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). You cannot claim this deduction if your filing status is married filing separately or if another person can claim...

Married Filing Separately

MFS tax rate generally is higher than on a joint return. Your exemption amount for computing the AMT is half that allowed on a joint return. A credit for child and dependent care expenses in most cases is not allowed and the benefit...

Is my Scholarship/Grant Taxable?

expenses, such as room and board, travel, and optional equipment, and generally amounts received as payments for teaching, research, or other services required as a condition for receiving the scholarship or fellowship grant. For additional...

Kentucky Education Tuition Tax Credit

Kentucky offers the Hope Credit and the Lifetime Learning Credit. These credits are based on qualified education expenses paid to an eligible postsecondary educational institution located in Kentucky. If you elected to claim the education...

Louisiana Refundable Credits

Residential - Allows a refundable credit for the amount of eligible costs and expenses incurred during the rehabilitation of an owner-occupied residential or owner-occupied mixed use structure located in a National Register Historic District...

Form 1098-T: Tuition Statement- Calculating Your Credit or Deduction

include most colleges, universities, and vocational schools that are eligible to participate in the Department of Education’s student aid programs. This form provides information about educational expenses that may qualify the student...

How do I know if the person I paid for childcare qualifies?

Qualified Expenses These include amounts paid for household services and care of the qualifying person while you worked or looked for work. Child support payments are not qualified expenses. Also, expenses reimbursed by a state social...

Minnesota Subtractions from Income

K-12 Education Expense Subtraction If in 2013 you purchased educational material or services for your qualifying child’s K–12 education, you may be able to subtract qualified expenses from your taxable income, regardless of your income...

Tax Benefits for Education

Deduction may help offset the cost of higher education for you, your spouse and your dependents. The amount of these credits and deductions are based on the qualified education expenses, such as college or vocational school tuition...

Please explain deductions and credits that are available related to Education.

the amount in Box 1. Expenses you have paid for higher education (such as tuition): There are a lot of costs that go along with attending a college, university, or vocational school. The good news is that many of these costs can be used to help...