Archive for the ‘Education Tax Credits’ Category
Tax Credits For Students In Canada
October 3rd, 2011
Stretch Tax Credit Interview on CHCH News Hamilton
Posted in Education Tax Credits | 
Tags: canada, tax credits for students in canada, tax.credits | 
No Comments »Student Tax Credit Canada
September 28th, 2011
Alan Mulally of Ford: Leaders Must Serve, with Courage
Lifetime Learning Tax Credits
September 8th, 2011
Learn to Use the Lifetime Learning Credit!
Posted in Education Tax Credits | Tags: american opportunity hope or lifetime learning tax credits, college, education, irs, lifetime, lifetime learning tax credits, lifetime learning tax credits 2008, lifetime learning tax credits 2009, lifetime learning tax credits 2011, tax, tax.credits, taxes | No Comments »Tax Credits For Students 2009
August 10th, 2011
Question: 2009 $2500 Tax Credit for college students, can someone explain please?
I am graduating in May 2009 (this year) and I heard about the $2500 tax credit. How does this affect me and will I get any $$ out of this? I am really confused, i keep hearing different explanations! I have taken out private and student loans, work in a work study program, and am a dependent of my parents ( though i’ve paid for college myself). thanks!
Answer: If you aren’t claimed on your parent’s taxes and file your own taxes, you will be able to take the tax credit for 2009. Tax credits are subtracted directly from the tax a family or student owes. You had to have made enough to be taxed $2500 in order to benefit from this credit.
Hope this helps!
“What I Like About My School”: Nonpublic school students speak
Posted in Education Tax Credits | Tags: bookmark, bookmarks, creditreport, finance, report, tax credits for students 2009, tax.credits | No Comments »Student Tax Credit
August 3rd, 2011
Question: If I am a college a student can I claim the college tax credit?
Hi. I am confused on the new tax credit. I am a parent, but not of a college aged student. Can you claim it for yourself or only if you are supporting someone in college? Thanks!
Answer: So you are a adult college student is that correct?
Yes you can if you are a qualifying student and meet all of the rules that you have to meet to qualify you to claim any of the education benefits that are available to you.
The eligible student is either yourself, your spouse or a dependent for whom you claim an exemption on your tax return.
Go to the www.irs.gov website and use the search box for Publication 970 (2009),http://www.irs.gov/publications/p970/index.html
Tax Benefits for Education
American Opportunity Credit
Hope Credit
Lifetime Learning Credit
Deductions
Tuition and Fees Deduction
Student Loan Interest Deduction
Business Deduction for Work-Related Education
Student Documentary