The Federal Tax Credits Blog » Education Tax Credits

2009 Hope Education Tax Credit

admin — Thu, 09 Sep 2010 03:24:11 +0000

Question: Hope credit or Education credit…..?I graduated in 2008 with my masters degree and have a ton of student loans that I just started paying back in 2009. I make less than 80k per year and have never taken any educational credit on my taxes. Does anyone know if I am eligible to claim [...]

2009 Hope Education Tax Credit is a post from: The Federal Tax Credits Blog

Tax Credit Education Expenses

admin — Tue, 17 Aug 2010 03:32:16 +0000

Question: 1040 Education Credit?It looks like my girlfriend qualifies as a dependent – I paid for most of her education expenses (she is enrolled in a 2 year program at a local college) in 2009 – is there any reason I dont qualify for the education (American Opportunity) tax credit? She is a foreign student. [...]

Tax Credit Education Expenses is a post from: The Federal Tax Credits Blog

Tax Credit Education Computer

admin — Wed, 04 Aug 2010 02:51:35 +0000

Question: Can a computer be a qualified expense for any Education Tax Credit?Answer: No only for the American Opportunity Credit and for that credit it depends on the facts From IRS Q5. Does an expenditure for a computer qualify for the American opportunity tax credit? A. Whether an expenditure for a computer qualifies for the credit depends on [...]

Tax Credit Education Computer is a post from: The Federal Tax Credits Blog

Tax Credit College Tuition

admin — Tue, 03 Aug 2010 08:17:45 +0000

Question: The American Recovery and Reinvestment Act states that students get a tax credit up to $2,500….?It states that up to 40 percent ($1,000) is refundable, and can be received as a credit in the form of a rebate if you do not owe on your taxes. Does this mean that if I pay college [...]

Tax Credit College Tuition is a post from: The Federal Tax Credits Blog

College Tax Credit 2010

admin — Thu, 15 Jul 2010 12:44:01 +0000

Question: if i started college in december but got loan in jan does that count for 2009 or 2010 taxes?i started university of phoenix in december and applied for loans at that time but didnt get the funds till jan 12 to pay for classes starting in december does this count for taxes this year [...]

College Tax Credit 2010 is a post from: The Federal Tax Credits Blog

Education Credits Taxes

admin — Sun, 11 Jul 2010 17:37:07 +0000

Question: I had to file an amend to my taxes for this year because of the education credits not being allowed to be?claimed until the 11th. How soon will i expect to get my refund? I know I get one, but I needed what money I could get earlier so I have to file [...]

Education Credits Taxes is a post from: The Federal Tax Credits Blog

Hope Tax Credit 2008

admin — Sat, 10 Jul 2010 00:49:26 +0000

Question: Why is the first time homebuyer 2008 tax credit limited to purchases after April?My hubby and I purchased our first home on February 11, 2008. In the past year we have incurred many cost associated with maintaining/owning a home and were hoping the new tax credit ($7500 loan) would benefit us. Not so because [...]

Hope Tax Credit 2008 is a post from: The Federal Tax Credits Blog

Hope Tax Credit Calculator

admin — Sat, 12 Jun 2010 16:17:32 +0000

Report Finds Struggling Households in Hinds County When a man lost his job at a trucking company recently, he started having trouble covering his monthly expenses. Though he found a part-time job washing dishes at a local restaurant, it only paid a portion of his month expenses, but not his car note.Adam Bold – Back to [...]

Hope Tax Credit Calculator is a post from: The Federal Tax Credits Blog

Hope Tax Credit Eligibility

admin — Tue, 01 Jun 2010 03:43:35 +0000

Question: Va Home Loan Question?My Father just received his Certificate of Eligibility for a VA home loan. Does this guarantee him the loan? What are the next steps? Also, his credit is below average, can he use me as a cosignee if I have an above average credit score? We’re hoping [...]

Hope Tax Credit Eligibility is a post from: The Federal Tax Credits Blog

Education Tax Credits Canada

admin — Mon, 24 May 2010 11:39:09 +0000

Daw: Tax software so quick that missing something is easy Readers register complaints after tax software makers admit to missing a tax reduction in 2009. But companies say users miss things, too.In Canada – The Politics of Choice.(tax credits for private school tuition): An article from: Phi Delta Kappan$5.95This digital document is an article from Phi [...]

Education Tax Credits Canada is a post from: The Federal Tax Credits Blog

American Opportunity Tax Credit Graduate Students

admin — Fri, 02 Apr 2010 00:05:30 +0000

Question: Can I claim the American Opportunity Tax Credit if I started as a undergrad student but am in grad school now?I am trying to fill out my taxes but didn’t know if I qualifed for the American Opportunity Credit or if I would have to file with Tuition and Fees Deduction. At the [...]

American Opportunity Tax Credit Graduate Students is a post from: The Federal Tax Credits Blog

Tax Credits For Students

admin — Mon, 15 Mar 2010 04:16:08 +0000

Question: What is the student credit TAX $2500?Hi I am a student my collage tuition was about 2100 and financial Aid paid about 2000, how do I know if I’m qualified for the 2500 Credit Tax? thanksAnswer: You don’t include tuition costs paid by grants/scholarships; however, you can include student loans and out-of-pocket tuition paid. The [...]

Tax Credits For Students is a post from: The Federal Tax Credits Blog

Tax Credit Student Loan

admin — Fri, 12 Mar 2010 02:24:07 +0000

Question: Should I use my home equity line of credit to pay off my car loan and part of my student loan?By using the HELOC, it’s going to free up several hundred dollars per month, and I can claim it as a tax deduction at the end of the year. On the other side, [...]

Tax Credit Student Loan is a post from: The Federal Tax Credits Blog

College Tax Credits 2009

admin — Wed, 24 Feb 2010 00:15:39 +0000

Question: Question about education expenses, deductions, and credits on taxes?Well my question is if I received a 1098T, and it has something listed in the tuition section (I was a student for the first half of 2009), does that mean I can qualify for the tax refund thing? Basically the reason I’m confused is [...]

College Tax Credits 2009 is a post from: The Federal Tax Credits Blog

American Opportunity Tax Credit Education

admin — Sun, 21 Feb 2010 14:59:24 +0000

Question: Income tax return question , form 8863?My income is 20,000 and my status is marriage jointly return. In 2009, I paid for my college tuition, that’s my sophomore of B.A degree. So can I claim it on form 8863 for education credit :”American Opportunity credit”, ThanksAnswer: Yes, you should be able to claim the [...]

American Opportunity Tax Credit Education is a post from: The Federal Tax Credits Blog

2009 Tax Credits For College

admin — Fri, 19 Feb 2010 01:25:16 +0000

2009 Tax Credits For College is a post from: The Federal Tax Credits Blog

Tax Credit College

admin — Mon, 28 Dec 2009 20:49:44 +0000

Question: I have just started online classes with harrison college, will I get a tax credit next year?Answer: Check irs publication 970. To qualify, Harrison college must participate in the Department of Education student aid program. If they don’t, no credit.Some reasons to pass up $6,500 home-buying credit Have you thought of trading up to a [...]

Tax Credit College is a post from: The Federal Tax Credits Blog

2009 Tax College Credit

admin — Sun, 29 Nov 2009 13:12:15 +0000

Question: At college full time having a baby, can i claim for childcare ect?I’m 18 and at college full time which is anything from 22 hours to 30+! The course i’m on doesn’t finish untill June 2009 and my babies due 10th December and i’m wanting to stay in college unitll Dcemeber and return in [...]

2009 Tax College Credit is a post from: The Federal Tax Credits Blog

Education Tax Credit 2008

admin — Sun, 01 Nov 2009 02:57:21 +0000

Question: Claiming Education Credits for 2008 Taxes?I am preparing all of my documents and statements to do my taxes and I just ran into an issue regarding education credits. I took out $3500 loans in 2008 to pay for a school tuition debt that carried over from 2007. Since I did not take out the [...]

Education Tax Credit 2008 is a post from: The Federal Tax Credits Blog

College Tax Credit 2500

admin — Sat, 24 Oct 2009 18:17:14 +0000

If you are interested in going to college, going then online to do a college scholarship search. This is a fast and easy way to find college search websites. Sites such as FastWeb, CollegeScholoarships.com and others are waiting to help you find the scholarship for you to attend the college of your choice. Paying for [...]

College Tax Credit 2500 is a post from: The Federal Tax Credits Blog