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Recent Education Credit questions

I filed and received my 2016 tax return. After I filed I

I filed and received my 2016 tax return. After I filed I received a 1098-T form in the mail from school. I did not know I would be receiving this form because I never had student loans when filing taxes in the past. When I put this information into another tax form just to see if it would affect my return it showed I could receive more money. about $850. So can I fill out an amended return to receive this money. I printed out the 1040x tax form but not sure how to fill it out if I am allowed to claim this money.JA: The Accountant will know how to help. This sounds important. The accountant will definitely help you with this. I'm going to connect you with a accountant who has 583 happy customers and a 4.6 out of 5 Rating. Anything else we should know before I connect you?Customer: no that's it. thank you

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Robin D.

Vocational, Technical or Trade School

24,128 satisfied customers
I am trying to get the most tax credit for my dependent

I am trying to get the most tax credit for my dependent daughter's college for 2016. However, she went to a city college and I paid for the tuition in december 2015 for the spring 2016 semester. I received the form showing the amount paid (only around $500) but it was for the year 2015 . Can I use it on my taxes for 2016, and if so, will it only be the credit for the $500. instead of the $1800 to $2000 that is allowed for the one of the two deductions for education.JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: We also received a form showing another amount for $100 for the fall semester . Can I add them together, or only count one?

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Robin D.

Vocational, Technical or Trade School

24,128 satisfied customers
Father pays tuition for grad school, but taxpayer, not

Father pays tuition for grad school, but taxpayer, not father, receives 1098-T. Taxpayer does not qualify as dependent of father. Who claims tuition and fees deduction? Taxpayer or father?

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
I live in Texas. Years ago the Texas Tomorrow Fund was

I live in Texas. Years ago the Texas Tomorrow Fund was purchased to pay for college for my son. He began college this past fall. The fund was used to pay the tuition bill directly to the school. The money doesn't go through me at all. He also received grants and scholarships that were distributed back to him personally. He is a dependent on my return. I file head of household. I am using Tax Act and have entered everything - tuition, scholarship money, Texas Tomorrow Fund. It shows that I qualify for the American Opportunity Credit. Is that possible since the tuition was paid by the plan I purchased when he was a toddler. I am afraid it is double dipping.

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
THIS PERSON WENT TO TWO DIFFERENT COLLEGE/UNIVERSIY ONE SHE

THIS PERSON WENT TO TWO DIFFERENT COLLEGE/UNIVERSIYONE SHE DID RECEIVED A 1098TBUT THE OTHER ONE UNIVERSITY OF CALIFORNIA SHE DID PAID OUT OF HER POCKET.. RECEIPT FOR ENROLLMENT $2542 AND FOR SUPPLIES AND BOOKS $250.. WHERE DO YOU PLACE THAT IN YOUR FORM 1040 EDEXP

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
Taxpayer wants to claim his child on his return. Ex spouse

Taxpayer wants to claim his child on his return. Ex spouse will release her. Thinking he will be able to furnish form 8332. Now, question, he can't claim head of house hold right? Single? Also, if someone has a live in fiance who does not work, taxpayer can claim that person, but does not give him the HOH as well right?

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
Can someone please give me some good guidance on a tax

Can someone please give me some good guidance on a tax efficient approach if I make $140K + a year? I contribute 8% in ROTH IRA taking advantage of my company match of 6% (yes I added extra for the future). I also have a home so I'm getting it's tax benefit, give to charity (trying to hit 10%) but what else can I do?

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
Each student SSN that has a value on Form 8863, Line 21 must

Each student SSN that has a value on Form 8863, Line 21 must not be the same as that in another Form 8863 for the same tax year. Ok what did I do wrong ? Is it because I submited A Form 1098 T on two different tax returns ?

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Robin D.

Vocational, Technical or Trade School

24,128 satisfied customers
How and where can I report amiunt from line 2 from 1098-T

how and where can I report amiunt from line 2 from 1098-T and amount of Scholarship grant from line 5

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Lev

Retired

Bachelor's Degree Equivalent

24,864 satisfied customers
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