Filing Your Taxes Online is Fast, Easy and Secure.
Start now and receive your tax refund in as little as 7 days.

1. Get Answers

Your online questions are customized to your unique tax situation.

2. Maximize your Refund

Find tax credits for everything from school tuition to buying a hybri

3. E-File for FREE

E-file free with direct deposit to get your refund in as few as 7 days.

Filing your taxes with paper mail can be difficult and it could take weeks for your refund to arrive. IRS e-file is easy, fast and secure. There is no paperwork going to the IRS so tax refunds can be processed in as little as 7 days with direct deposit. As you prepare your taxes online, you can see your tax refund in real time.

FREE audit support and representation from an enrolled agent – NEW and only from H&R Block

Irs Gov Forms

How Can I File 2012 Taxes OnlineIndividual Income Tax Return Resident 2012 N11Online Amended Tax ReturnOnline 1040nr1040x Form Online1040ez Tax Forms 2013Federal Form 1040ez1040ez DownloadFederal Income Tax Ez Form 2011Amend Federal Tax ReturnNeed File 2007 TaxesE File Tax Returns2012 Federal Tax Return FormsH&rblock2005 Tax PreparationTaxact 2008 Free DownloadIrs Tax FormsTaxact 2010Free 1040ez FormsFile My 2011 Taxes For Free1040 Short FormIt1040ezHow To Submit An Amended Tax ReturnFile Extension 2012 TaxesFiling 2009 TaxesState Income Tax ReturnFile Your State Taxes For FreeH&r Block Taxes 20112013 Tax Forms 1040ez1040ez Online2005 Tax Return Software FreeForm 1040ez InstructionsH&r Block Tax OnlineFederal Tax Ez Form 2011Fillable State Tax FormsFile 1040ez Online Free1040 AFiling Taxes As A College StudentDoyourtaxes NetHow To File A 1040

Irs Gov Forms

Irs gov forms 9. Irs gov forms   Education Exception to Additional Tax on Early IRA Distributions Table of Contents Introduction Who Is Eligible Figuring the Amount Not Subject to the 10% Tax Reporting Early Distributions Introduction Generally, if you take a distribution from your IRA before you reach age 59½, you must pay a 10% additional tax on the early distribution. Irs gov forms This applies to any IRA you own, whether it is a traditional IRA (including a SEP-IRA), a Roth IRA, or a SIMPLE IRA. Irs gov forms The additional tax on an early distribution from a SIMPLE IRA may be as high as 25%. Irs gov forms See Publication 560, Retirement Plans for Small Business, for information on SEP-IRAs, and Publication 590, for information about all other IRAs. Irs gov forms However, you can take distributions from your IRAs for qualified higher education expenses without having to pay the 10% additional tax. Irs gov forms You may owe income tax on at least part of the amount distributed, but you may not have to pay the 10% additional tax. Irs gov forms Generally, if the taxable part of the distribution is less than or equal to the adjusted qualified education expenses (AQEE), none of the distribution is subject to the additional tax. Irs gov forms If the taxable part of the distribution is more than the AQEE, only the excess is subject to the additional tax. Irs gov forms Who Is Eligible You can take a distribution from your IRA before you reach age 59½ and not have to pay the 10% additional tax if, for the year of the distribution, you pay qualified education expenses for: yourself, your spouse, or your or your spouse's child, foster child, adopted child, or descendant of any of them. Irs gov forms Qualified education expenses. Irs gov forms   For purposes of the 10% additional tax, these expenses are tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution. Irs gov forms They also include expenses for special needs services incurred by or for special needs students in connection with their enrollment or attendance. Irs gov forms   In addition, if the student is at least a half-time student, room and board are qualified education expenses. Irs gov forms   The expense for room and board qualifies only to the extent that it is not more than the greater of the following two amounts. Irs gov forms The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student. Irs gov forms The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Irs gov forms You will need to contact the eligible educational institution for qualified room and board costs. Irs gov forms Eligible educational institution. Irs gov forms   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Irs gov forms S. Irs gov forms Department of Education. Irs gov forms It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs gov forms The educational institution should be able to tell you if it is an eligible educational institution. Irs gov forms   Certain educational institutions located outside the United States also participate in the U. Irs gov forms S. Irs gov forms Department of Education's Federal Student Aid (FSA) programs. Irs gov forms Half-time student. Irs gov forms   A student is enrolled “at least half-time” if he or she is enrolled for at least half the full-time academic work load for the course of study the student is pursuing as determined under the standards of the school where the student is enrolled. Irs gov forms Figuring the Amount Not Subject to the 10% Tax To determine the amount of your distribution that is not subject to the 10% additional tax, first figure your adjusted qualified education expenses. Irs gov forms You do this by reducing your total qualified education expenses by any tax-free educational assistance, which includes: Expenses used to figure the tax-free portion of distributions from a Coverdell education savings account (ESA) (see Distributions in chapter 7, Coverdell Education Savings Account), The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Irs gov forms Do not reduce the qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance given to either the student or the individual making the withdrawal, or A withdrawal from personal savings (including savings from a qualified tuition program (QTP)). Irs gov forms If your IRA distribution is equal to or less than your adjusted qualified education expenses, you are not subject to the 10% additional tax. Irs gov forms Example 1. Irs gov forms In 2013, Erin (age 32) took a year off from teaching to attend graduate school full-time. Irs gov forms She paid $5,800 of qualified education expenses from the following sources. Irs gov forms   Employer-provided educational assistance  (tax free) $5,000     Early distribution from IRA (includes $500 taxable earnings) 3,200           Before Erin can determine if she must pay the 10% additional tax on her IRA distribution, she must reduce her total qualified education expenses. Irs gov forms   Total qualified education expenses $5,800     Minus: Tax-free educational assistance −5,000     Equals: Adjusted qualified  education expenses (AQEE) $ 800   Because Erin's AQEE ($800) are more than the taxable portion of her IRA distribution ($500), she does not have to pay the 10% additional tax on any part of this distribution. Irs gov forms However, she must include the $500 taxable earnings in her gross income subject to income tax. Irs gov forms Example 2. Irs gov forms Assume the same facts as in Example 1 , except that Erin deducted some of the contributions to her IRA, so the taxable part of her early distribution is higher by $1,000. Irs gov forms This must be included in her income subject to income tax. Irs gov forms The taxable part of Erin's IRA distribution ($1,000) is larger than her $800 AQEE. Irs gov forms Therefore, she must pay the 10% additional tax on $200, the taxable part of her distribution ($1,000) that is more than her qualified education expenses ($800). Irs gov forms She does not have to pay the 10% additional tax on the remaining $800 of her taxable distribution. Irs gov forms Reporting Early Distributions By January 31, 2014, the payer of your IRA distribution should send you Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Irs gov forms The information on this form will help you determine how much of your distribution is taxable for income tax purposes and how much is subject to the 10% additional tax. Irs gov forms If you received an early distribution from your IRA, you must report the taxable earnings on Form 1040, line 15b (Form 1040NR, line 16b). Irs gov forms Then, if you qualify for an exception for qualified higher education expenses, you must file Form 5329 to show how much, if any, of your early distribution is subject to the 10% additional tax. Irs gov forms See the Instructions for Form 5329, Part I, for help in completing the form and entering the results on Form 1040 or 1040NR. Irs gov forms There are many other situations in which Form 5329 is required. Irs gov forms If, during 2013, you had other distributions from IRAs or qualified retirement plans, or have made excess contributions to certain tax-favored accounts, see the instructions for line 58 (Form 1040) or line 56 (Form 1040NR) to determine if you must file Form 5329. Irs gov forms Prev  Up  Next   Home   More Online Publications
Print - Click this link to Print this page

Understanding your CP24E Notice

We made changes to your return because we found a difference between the amount of estimated tax payments on your tax return and the amount we posted to your account. You have a potential overpayment credit because of these changes.

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Read your notice carefully — it will explain the changes we made to your return.
  • Check the list of payments we applied to your account to see if we applied all the payments you made.
  • Correct the copy of your tax return that you kept for your records.
  • You don't need to do anything if you agree with the notice.
  • If you disagree with the notice, please contact us at the toll-free number listed on its top right-hand corner (within 60 days of the notice’s date).

You may want to...


Answers to Common Questions

Is an overpayment credit different from a refund?
You get an overpayment credit when your tax payments exceed what you owe. You will receive the overpayment credit as a refund automatically. You also, however, can ask us to apply the credit as an advance payment towards your next year's taxes instead of sending it to you as a refund.

When can I expect to receive my refund?
You will receive it in four to six weeks if you owe no other taxes or debts we're required to collect.

What can I do if I don't receive my refund in four to six weeks?
Call us at the toll-free number listed on the top right-hand corner of your notice.

How can I find out what caused my tax return to change?
Please contact us at the number listed on your notice for specific information concerning your tax return.

What should I do if I find you misapplied a payment or haven't credited a payment that I made?
Contact us with your information at the toll-free number listed on your notice. Please have your documentation (such as cancelled checks, amended return, etc.) ready when you call. Our representative will discuss the issue with you and give you further instructions.

What should I do if I disagree with the changes you made?
Contact us at the toll free number listed on the top right-hand corner of your notice.

How do I adjust my estimated tax payments?
You can adjust your estimated tax payments by completing a Form 1040-ES, Estimated Tax for Individuals. See Publication 505, Tax Withholding and Estimated Tax for more information.

What should I do if I need to make another correction to my tax return?
You'll need to file Form 1040X, Amended U.S. Individual Income Tax Return.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

You can receive your refund quickly with a direct deposit to your bank account by completing the banking information in the refund section of your tax return.

Page Last Reviewed or Updated: 03-Mar-2014

The Irs Gov Forms

Irs gov forms 19. Irs gov forms   Education- Related Adjustments Table of Contents Introduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Introduction This chapter discusses the education-related adjustment you can deduct in figuring your adjusted gross income. Irs gov forms This chapter covers the student loan interest deduction, tuition and fees deduction, and the deduction for educator expenses. Irs gov forms Useful Items - You may want to see: Publication 970 Tax Benefits for Education Student Loan Interest Deduction Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. Irs gov forms However, if your modified adjusted gross income (MAGI) is less than $75,000 ($155,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. Irs gov forms For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. Irs gov forms This deduction can reduce the amount of your income subject to tax by up to $2,500 in 2013. Irs gov forms Table 19-1 summarizes the features of the student loan interest deduction. Irs gov forms Table 19-1. Irs gov forms Student Loan Interest Deduction at a Glance Do not rely on this table alone. Irs gov forms Refer to the text for more details. Irs gov forms Feature Description Maximum benefit You can reduce your income subject to tax by up to $2,500. Irs gov forms Loan qualifications Your student loan: •  must have been taken out solely to pay qualified education expenses, and   • cannot be from a related person or made under a qualified employer plan. Irs gov forms Student qualifications The student must be: • you, your spouse, or your dependent, and   • enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Irs gov forms Time limit on deduction You can deduct interest paid during the remaining period of your student loan. Irs gov forms Phaseout The amount of your deduction depends on your income level. Irs gov forms Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. Irs gov forms It includes both required and voluntary interest payments. Irs gov forms Qualified Student Loan This is a loan you took out solely to pay qualified education expenses (defined later) that were: For you, your spouse, or a person who was your dependent (defined in chapter 3) when you took out the loan, Paid or incurred within a reasonable period of time before or after you took out the loan, and For education provided during an academic period when the student is an eligible student. Irs gov forms Loans from the following sources are not qualified student loans. Irs gov forms A related person. Irs gov forms A qualified employer plan. Irs gov forms Exceptions. Irs gov forms   For purposes of the student loan interest deduction, the following are exceptions to the general rules for dependents. Irs gov forms An individual can be your dependent even if you are the dependent of another taxpayer. Irs gov forms An individual can be your dependent even if the individual files a joint return with a spouse. Irs gov forms An individual can be your dependent even if the individual had gross income for the year that was equal to or more than the exemption amount for the year ($3,900 for 2013). Irs gov forms    Reasonable period of time. Irs gov forms   Qualified education expenses are treated as paid or incurred within a reasonable period of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. Irs gov forms   Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a reasonable period of time if both of the following requirements are met. Irs gov forms The expenses relate to a specific academic period. Irs gov forms The loan proceeds are disbursed within a period that begins 90 days before the start of that academic period and ends 90 days after the end of that academic period. Irs gov forms   If neither of the above situations applies, the reasonable period of time is determined based on all the relevant facts and circumstances. Irs gov forms Academic period. Irs gov forms   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Irs gov forms In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Irs gov forms Eligible student. Irs gov forms   This is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. Irs gov forms Enrolled at least half-time. Irs gov forms   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. Irs gov forms   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. Irs gov forms However, the standard may not be lower than any of those established by the U. Irs gov forms S. Irs gov forms Department of Education under the Higher Education Act of 1965. Irs gov forms Related person. Irs gov forms   You cannot deduct interest on a loan you get from a related person. Irs gov forms Related persons include: Your spouse, Your brothers and sisters, Your half brothers and half sisters, Your ancestors (parents, grandparents, etc. Irs gov forms ), Your lineal descendants (children, grandchildren, etc. Irs gov forms ), and Certain corporations, partnerships, trusts, and exempt organizations. Irs gov forms Qualified employer plan. Irs gov forms   You cannot deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan. Irs gov forms Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. Irs gov forms They include amounts paid for the following items. Irs gov forms Tuition and fees. Irs gov forms Room and board. Irs gov forms Books, supplies, and equipment. Irs gov forms Other necessary expenses (such as transportation). Irs gov forms The cost of room and board qualifies only to the extent that it is not more than: The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. Irs gov forms Eligible educational institution. Irs gov forms   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Irs gov forms S. Irs gov forms Department of Education. Irs gov forms It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs gov forms   Certain educational institutions located outside the United States also participate in the U. Irs gov forms S. Irs gov forms Department of Education's Federal Student Aid (FSA) programs. Irs gov forms   For purposes of the student loan interest deduction, an eligible educational institution also includes an institution conducting an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Irs gov forms   An educational institution must meet the above criteria only during the academic period(s) for which the student loan was incurred. Irs gov forms The deductibility of interest on the loan is not affected by the institution's subsequent loss of eligibility. Irs gov forms    The educational institution should be able to tell you if it is an eligible educational institution. Irs gov forms Adjustments to qualified education expenses. Irs gov forms   You must reduce your qualified education expenses by certain tax-free items (such as the tax-free part of scholarships and fellowships). Irs gov forms See chapter 4 of Publication 970 for details. Irs gov forms Include as Interest In addition to simple interest on the loan, certain loan origination fees, capitalized interest, interest on revolving lines of credit, and interest on refinanced student loans can be student loan interest if all other requirements are met. Irs gov forms Loan origination fee. Irs gov forms   In general, this is a one-time fee charged by the lender when a loan is made. Irs gov forms To be deductible as interest, the fee must be for the use of money rather than for property or services (such as commitment fees or processing costs) provided by the lender. Irs gov forms A loan origination fee treated as interest accrues over the life of the loan. Irs gov forms Capitalized interest. Irs gov forms    This is unpaid interest on a student loan that is added by the lender to the outstanding principal balance of the loan. Irs gov forms Interest on revolving lines of credit. Irs gov forms   This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. Irs gov forms See Qualified Education Expenses , earlier. Irs gov forms Interest on refinanced student loans. Irs gov forms   This includes interest on both: Consolidated loans—loans used to refinance more than one student loan of the same borrower, and Collapsed loans—two or more loans of the same borrower that are treated by both the lender and the borrower as one loan. Irs gov forms If you refinance a qualified student loan for more than your original loan and you use the additional amount for any purpose other than qualified education expenses, you cannot deduct any interest paid on the refinanced loan. Irs gov forms Voluntary interest payments. Irs gov forms   These are payments made on a qualified student loan during a period when interest payments are not required, such as when the borrower has been granted a deferment or the loan has not yet entered repayment status. Irs gov forms Do Not Include as Interest You cannot claim a student loan interest deduction for any of the following items. Irs gov forms Interest you paid on a loan if, under the terms of the loan, you are not legally obligated to make interest payments. Irs gov forms Loan origination fees that are payments for property or services provided by the lender, such as commitment fees or processing costs. Irs gov forms Interest you paid on a loan to the extent payments were made through your participation in the National Health Service Corps Loan Repayment Program (the “NHSC Loan Repayment Program”) or certain other loan repayment assistance programs. Irs gov forms For more information, see Student Loan Repayment Assistance in chapter 5 of Publication 970. Irs gov forms Can You Claim the Deduction Generally, you can claim the deduction if all of the following requirements are met. Irs gov forms Your filing status is any filing status except married filing separately. Irs gov forms No one else is claiming an exemption for you on his or her tax return. Irs gov forms You are legally obligated to pay interest on a qualified student loan. Irs gov forms You paid interest on a qualified student loan. Irs gov forms Interest paid by others. Irs gov forms   If you are the person legally obligated to make interest payments and someone else makes a payment of interest on your behalf, you are treated as receiving the payments from the other person and, in turn, paying the interest. Irs gov forms See chapter 4 of Publication 970 for more information. Irs gov forms No Double Benefit Allowed You cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (for example, home mortgage interest). Irs gov forms How Much Can You Deduct Your student loan interest deduction for 2013 is generally the smaller of: $2,500, or The interest you paid in 2013. Irs gov forms However, the amount determined above is phased out (gradually reduced) if your MAGI is between $60,000 and $75,000 ($125,000 and $155,000 if you file a joint return). Irs gov forms You cannot take a student loan interest deduction if your MAGI is $75,000 or more ($155,000 or more if you file a joint return). Irs gov forms For details on figuring your MAGI, see chapter 4 of Publication 970. Irs gov forms How Do You Figure the Deduction Generally, you figure the deduction using the Student Loan Interest Deduction Worksheet in the Form 1040 or Form 1040A instructions. Irs gov forms However, if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico, you must complete Worksheet 4-1 in chapter 4 of Publication 970. Irs gov forms To help you figure your student loan interest deduction, you should receive Form 1098-E, Student Loan Interest Statement. Irs gov forms Generally, an institution (such as a bank or governmental agency) that received interest payments of $600 or more during 2013 on one or more qualified student loans must send Form 1098-E (or acceptable substitute) to each borrower by January 31, 2014. Irs gov forms For qualified student loans taken out before September 1, 2004, the institution is required to include on Form 1098-E only payments of stated interest. Irs gov forms Other interest payments, such as certain loan origination fees and capitalized interest, may not appear on the form you receive. Irs gov forms However, if you pay qualifying interest that is not included on Form 1098-E, you can also deduct those amounts. Irs gov forms For information on allocating payments between interest and principal, see chapter 4 of Publication 970. Irs gov forms To claim the deduction, enter the allowable amount on Form 1040, line 33, or Form 1040A, line 18. Irs gov forms 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). Irs gov forms You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. Irs gov forms The qualified expenses must be for higher education, as explained later under What Expenses Qualify . Irs gov forms The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Irs gov forms Table 19-2 summarizes the features of the tuition and fees deduction. Irs gov forms You may be able to take a credit for your education expenses instead of a deduction. Irs gov forms You can choose the one that will give you the lower tax. Irs gov forms See chapter 35, Education Credits, for details about the credits. Irs gov forms Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Irs gov forms Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Irs gov forms You paid qualified education expenses of higher education in 2013 for academic periods beginning in 2013 and those beginning in the first three months of 2014. Irs gov forms You paid the education expenses for an eligible student. Irs gov forms The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption (defined in chapter 3) on your tax return. Irs gov forms Qualified education expenses are defined under What Expenses Qualify . Irs gov forms Eligible students are defined later under Who Is an Eligible Student . Irs gov forms Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. Irs gov forms Your filing status is married filing separately. Irs gov forms Another person can claim an exemption for you as a dependent on his or her tax return. Irs gov forms You cannot take the deduction even if the other person does not actually claim that exemption. Irs gov forms Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). Irs gov forms You (or your spouse) were a nonresident alien for any part of 2013 and the nonresident alien did not elect to be treated as a resident alien for tax purposes. Irs gov forms More information on nonresident aliens can be found in Publication 519, U. Irs gov forms S. Irs gov forms Tax Guide for Aliens. Irs gov forms You or anyone else claims an American opportunity or lifetime learning credit in 2013 with respect to expenses of the student for whom the qualified education expenses were paid. Irs gov forms However, a state tax credit will not disqualify you from claiming a tuition and fees deduction. Irs gov forms Table 19-2. Irs gov forms Tuition and Fees Deduction at a Glance Do not rely on this table alone. Irs gov forms Refer to the text for more details. Irs gov forms Question   Answer What is the maximum benefit?   You can reduce your income subject to tax by up to $4,000. Irs gov forms Where is the deduction taken?   As an adjustment to income on Form 1040, line 34, or Form 1040A, line 19. Irs gov forms For whom must the expenses be paid?   A student enrolled in an eligible educational institution who is either: you, your spouse, or your dependent for whom you claim an exemption. Irs gov forms What tuition and fees are deductible?   Tuition and fees required for enrollment or attendance at an eligible postsecondary educational institution, but not including personal, living, or family expenses, such as room and board. Irs gov forms What Expenses Qualify The tuition and fees deduction is based on qualified education expenses you pay for yourself, your spouse, or a dependent for whom you claim an exemption on your tax return. Irs gov forms Generally, the deduction is allowed for qualified education expenses paid in 2013 in connection with enrollment at an institution of higher education during 2013 or for an academic period (defined earlier under Student Loan Interest Deduction ) beginning in 2013 or in the first 3 months of 2014. Irs gov forms Payments with borrowed funds. Irs gov forms   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. Irs gov forms Use the expenses to figure the deduction for the year in which the expenses are paid, not the year in which the loan is repaid. Irs gov forms Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Irs gov forms Student withdraws from class(es). Irs gov forms   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. Irs gov forms Qualified Education Expenses For purposes of the tuition and fees deduction, qualified education expenses are tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Irs gov forms Eligible educational institution. Irs gov forms   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Irs gov forms S. Irs gov forms Department of Education. Irs gov forms It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs gov forms The educational institution should be able to tell you if it is an eligible educational institution. Irs gov forms   Certain educational institutions located outside the United States also participate in the U. Irs gov forms S. Irs gov forms Department of Education's Federal Student Aid (FSA) programs. Irs gov forms Academic period. Irs gov forms    An academic period is any quarter, semester, trimester, or any other period of study as reasonably determined by an eligible educational institution. Irs gov forms If an eligible educational institution uses credit hours and does not have academic terms, each payment period may be treated as an academic period. Irs gov forms Related expenses. Irs gov forms   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses for the tuition and fees deduction only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Irs gov forms Prepaid expenses. Irs gov forms   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring the tuition and fees deduction. Irs gov forms See Academic period, earlier. Irs gov forms For example, if you pay $2,000 in December 2013 for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring the tuition and fees deduction for 2013 only if you meet all the other requirements. Irs gov forms    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 tuition and fees deduction. Irs gov forms No Double Benefit Allowed You cannot do any of the following. Irs gov forms Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Irs gov forms Deduct qualified education expenses for a student on your income tax return if you or anyone else claims an American opportunity or lifetime learning credit for that same student in the same year. Irs gov forms Deduct qualified education expenses that have been used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or a qualified tuition program (QTP). Irs gov forms For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Irs gov forms See Figuring the Taxable Portion of a Distribution in chapter 7 (Coverdell ESA) and chapter 8 (QTP) of Publication 970. Irs gov forms Deduct qualified education expenses that have been paid with tax-free interest on U. Irs gov forms S. Irs gov forms savings bonds (Form 8815). Irs gov forms See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Irs gov forms Deduct qualified education expenses that have been paid with tax-free educational assistance such as a scholarship, grant, or employer-provided educational assistance. Irs gov forms See Adjustments to qualified education expenses, later. Irs gov forms Adjustments to qualified education expenses. Irs gov forms   For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Irs gov forms The result is the amount of adjusted qualified education expenses for each student. Irs gov forms Tax-free educational assistance. Irs gov forms   For tax-free educational assistance you received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance to that academic period. Irs gov forms See Academic period, earlier. Irs gov forms   This includes: The tax-free part of scholarships and fellowships, including Pell grants (see chapter 1 of Publication 970), The tax-free part of any employer-provided educational assistance (see chapter 11 of Publication 970), Veterans' educational assistance (see chapter 1 of Publication 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Irs gov forms Generally, any scholarship or fellowship you receive is treated as tax-free educational assistance. Irs gov forms However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent you include it in gross income (if you are required to file a tax return) for the year the scholarship or fellowship is received and either: The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Irs gov forms 970, chapter 1. Irs gov forms The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Irs gov forms 970, chapter 1. Irs gov forms You may be able to increase the combined value of your tuition and fees deduction and certain educational assistance if you include some or all of the educational assistance in income in the year it is received. Irs gov forms For details, see Adjustments to Qualified Education Expenses in chapter 6 of Pub. Irs gov forms 970. Irs gov forms Some tax-free educational assistance received in 2013 may be treated as a refund of qualified education expenses paid in 2013. Irs gov forms This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Irs gov forms If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Irs gov forms If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Irs gov forms Refunds. Irs gov forms   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or may require you to include some or all of the refund in your gross income for the year the refund is received. Irs gov forms See chapter 6 of Pub. Irs gov forms 970 for more information. Irs gov forms Some tax-free educational assistance received after 2013 may be treated as a refund. Irs gov forms See Tax-free educational assistance, earlier. Irs gov forms Refunds received in 2013. Irs gov forms    For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses paid in 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Irs gov forms Refunds received after 2013 but before your income tax return is filed. Irs gov forms   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received before you file your 2013 income tax return, reduce the amount of qualified education expenses for 2013 by the amount of the refund. Irs gov forms Refunds received after 2013 and after your income tax return is filed. Irs gov forms   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received after you file your 2013 income tax return, you may need to include some or all of the refund in your gross income for the year the refund is received. Irs gov forms See chapter 6 of Pub. Irs gov forms 970 for more information. Irs gov forms Coordination with Coverdell education savings accounts and qualified tuition programs. Irs gov forms    Reduce your qualified education expenses by any qualified education expenses used to figure the exclusion from gross income of (a) interest received under an education savings bond program, or (b) any distribution from a Coverdell education savings account or qualified tuition program (QTP). Irs gov forms For a QTP, this applies only to the amount of tax-free earnings that were distributed, not to the recovery of contributions to the program. Irs gov forms Amounts that do not reduce qualified education expenses. Irs gov forms   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Irs gov forms   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Irs gov forms The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses. Irs gov forms The use of the money is not restricted. Irs gov forms Expenses That Do Not Qualify Qualified education expenses do not include amounts paid for: Insurance, Medical expenses (including student health fees), Room and board, Transportation, or Similar personal, living, or family expenses. Irs gov forms This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Irs gov forms Sports, games, hobbies, and noncredit courses. Irs gov forms   Qualified education expenses generally do not include expenses that relate to any course of instruction or other education that involves sports, games or hobbies, or any noncredit course. Irs gov forms However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Irs gov forms Comprehensive or bundled fees. Irs gov forms   Some eligible educational institutions combine all of their fees for an academic period into one amount. Irs gov forms If you do not receive, or do not have access to, an allocation showing how much you paid for qualified education expenses and how much you paid for personal expenses, such as those listed above, contact the institution. Irs gov forms The institution is required to make this allocation and provide you with the amount you paid (or were billed) for qualified education expenses on Form 1098-T, Tuition Statement. Irs gov forms See How Do You Figure the Deduction , later, for more information about Form 1098-T. Irs gov forms Who Is an Eligible Student For purposes of the tuition and fees deduction, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution (defined earlier). Irs gov forms Who Can Claim a Dependent's Expenses Generally, in order to claim the tuition and fees deduction for qualified education expenses for a dependent, you must: Have paid the expenses, and Claim an exemption for the student as a dependent. Irs gov forms Table 19-3 summarizes who can claim the deduction. Irs gov forms How Much Can You Deduct The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Irs gov forms For details on figuring your MAGI, see chapter 6 of Publication 970. Irs gov forms How Do You Figure the Deduction Figure the deduction using Form 8917. Irs gov forms To help you figure your tuition and fees deduction, you should receive Form 1098-T, Tuition Statement. Irs gov forms Generally, an eligible educational institution (such as a college or university) must send Form 1098-T (or acceptable substitute) to each enrolled student by January 31, 2014. Irs gov forms To claim the deduction, enter the allowable amount on Form 1040, line 34, or Form 1040A, line 19, and attach your completed Form 8917. Irs gov forms Table 19-3. Irs gov forms Who Can Claim a Dependent's Expenses Do not rely on this table alone. Irs gov forms See Who Can Claim a Dependent's Expenses in chapter 6 of Publication 970. Irs gov forms IF your dependent is an eligible student and you. Irs gov forms . Irs gov forms . Irs gov forms AND. Irs gov forms . Irs gov forms . Irs gov forms THEN. Irs gov forms . Irs gov forms . Irs gov forms claim an exemption for your dependent you paid all qualified education expenses for your dependent only you can deduct the qualified education expenses that you paid. Irs gov forms Your dependent cannot take a deduction. Irs gov forms claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Irs gov forms do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Irs gov forms do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Irs gov forms Educator Expenses If you were an eligible educator in 2013, you can deduct on Form 1040, line 23, or Form 1040A, line 16, up to $250 of qualified expenses you paid in 2013. Irs gov forms If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. Irs gov forms However, neither spouse can deduct more than $250 of his or her qualified expenses on Form 1040, line 23, or Form 1040A, line 16. Irs gov forms You may be able to deduct expenses that are more than the $250 (or $500) limit on Schedule A (Form 1040), line 21. Irs gov forms Eligible educator. Irs gov forms   An eligible educator is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide who worked in a school for at least 900 hours during a school year. Irs gov forms Qualified expenses. Irs gov forms   Qualified expenses include ordinary and necessary expenses paid in connection with books, supplies, equipment (including computer equipment, software, and services), and other materials used in the classroom. Irs gov forms An ordinary expense is one that is common and accepted in your educational field. Irs gov forms A necessary expense is one that is helpful and appropriate for your profession as an educator. Irs gov forms An expense does not have to be required to be considered necessary. Irs gov forms   Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. Irs gov forms   You must reduce your qualified expenses by the following amounts. Irs gov forms Excludable U. Irs gov forms S. Irs gov forms series EE and I savings bond interest from Form 8815. Irs gov forms See Figuring the Tax-Free Amount in chapter 10 of Publication 970. Irs gov forms Nontaxable qualified tuition program earnings or distributions. Irs gov forms See Figuring the Taxable Portion of a Distribution in chapter 8 of Publication 970. Irs gov forms Nontaxable distribution of earnings from a Coverdell education savings account. Irs gov forms See Figuring the Taxable Portion of a Distribution in chapter 7 of Publication 970. Irs gov forms Any reimbursements you received for these expenses that were not reported to you in box 1 of your Form W-2. Irs gov forms Prev  Up  Next   Home   More Online Publications