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MN K-12 Education Subtraction

be different from the year you received them. It depends how you paid for them: If you bought an educational service or product using a “third-party” loan – such as from a bank or with a credit card – claim the expenses for the year...

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...

South Carolina Tuition Tax Credit

To determine if you qualify for the South Carolina Tuition Tax Credit, please refer to Form I-319. If you have more than one qualifying student, complete a separate Form I-319 for each student as available within the South Carolina state...

Education Credit - Form 8863

For each student, you can choose for any year only one of the credits. For example, if you choose to take the American Opportunity Credit for a child on your 2014 tax return, you cannot, for that same child, also claim the Lifetime Learning...

Iowa Military Filing Information

August 2, 1990, pursuant to military orders related to the Persian Gulf Conflict and/or for services performed on or after November 21, 1995, pursuant to military orders related to peacekeeping in Bosnia-Herzegovina. Military Student Loan...

Is my Scholarship/Grant Taxable?

A scholarship is generally an amount paid or allowed to a student at an educational institution (college or university) for the purpose of study. A fellowship is generally an amount paid to an individual for the purpose of research. If you...

What are the differences between the American Opportunity Credit and the Lifetime Learning Credit?

For 2014 there are two tax credits available to persons who pay expenses for higher (postsecondary) education. They are: The American Opportunity Credit, and The Lifetime Learning Credit For each student you can choose only one...

Louisiana Subtractions from Income

Contributions - Provides that any Louisiana Student Tuition Assistance and Revenue Trust (START) account holders with a filing status of single, married filing separately, head of household, and qualifying widow(er) can exempt up to $2,400...

Kentucky Education Tuition Tax Credit

8863-K. Qualified Education Expenses Generally, qualified education expenses are amounts paid in 2014 for tuition and fees required for the student’s enrollment or attendance at an eligible educational institution located in Kentucky...

Who CANNOT take the Retirement Savings Credit?

or elective deferrals was Born after January 1, 1997 (for the 2014 tax filing) Is a student (see below), or Is being claimed as a dependent on someone else's 2014 return. Student: You were considered a "student" if, during any part of 5 calendar...