Q. How do I know if I am eligible for education credits, such as the American Opportunity Credit, the Lifetime Learning Credit and the Tuition and Fees Deduction?
A. You can use the free IRS tool to find out the answer by yourself.
You will need the following information to answer a series questions first:
Overall estimated completion time is 10 minutes, however, 5 minutes of inactivity will end the interview and you will be forced to start over, so you better get everything handy.
Ready? Go!
A. You can use the free IRS tool to find out the answer by yourself.
You will need the following information to answer a series questions first:
- Filing status
- Student’s enrollment status
- Your adjusted gross income
- Who paid the expenses, when the expenses were paid and for what academic period
- If any expenses were paid with tax exempt funds
- If any expenses were paid with distributions from a Coverdell Education Savings Account or Qualified Tuition Program
Overall estimated completion time is 10 minutes, however, 5 minutes of inactivity will end the interview and you will be forced to start over, so you better get everything handy.
Ready? Go!
RSS Feed
