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Is IRS Form 8917 used to claim deductions for college tuition and fees?
Wiki User
∙ 14y ago
Yes, the IRS Form 8917 is used to claim deductions for college tuition and fees. To be eligible, you or your dependent must be enrolled in an accredited university or college program.
IRS form 8917 is often used to claim deduction for tuition.There are some eligibility requirements taht must be met,you can read more at www.irs.gov
Wiki User
∙ 14y ago
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What is form 8917 used for?
Form 8917 is used for Tuition and Fees Deduction for many college students. You can read more at www.docstoc.com › Tax › Tax Forms Tax Form 8917 is for college students for tuition and fee's deduction. The form can be printed directly from the IRS website or mailed to you.
How do I know if I need to file form 8917?
Form 8917 is used to claim a tuition deduction. You can file the form is you have you, a spouse, or dependent has qualifying education expenses.
Who would be likely to use tax form # 8917?
This form is for Higher Education students to claim tuition and fees. The IRS CAUTIONS that you cannot claim both the education credit (on a different form, 8863) and tuition and fees deduction. On Form 8917--You may be able to take the deduction if you, your spouse, or a dependent you claim on your tax return was a student. This is based on the amount of qualified education expenses you paid for the student in 2009.
In what instance would I file a form 8917 ?
All of the different tax forms can be complicated. Form 8917 is used if you plan to take a deduction for tuition.
What federal tax form do you need for a student loan?
It is very important to do your taxes correctly. YOu will need a form 8917 for your tuition cost.
Who should claim the tuition expenses for a 17-year-old who is filing Single and being claimed as a dependent on the parents' tax return?
If your parents are claiming you as a dependent, then they're the only ones who can claim a deduction for tuition expenses. If they don't claim that deduction, then neither you nor anyone else can claim it because of your status as a dependent claimed on someone else's return.There are two options for deducting tuition expenses, and the person claiming the deduction should choose the one that gives the lower tax. One, Form 8917 (Tuition and Fees Deduction) is attached to your tax return (1040 or 1040A). The deduction on line 6 of Form 8917 is then entered on line 19 of the Adjusted Gross Income Section of 1040/1040A. Two, Form 8863 (Education Credits Hope and Lifetime Learning Credits) is attached to your return. The deduction is then entered on line 31 of 1040A or line 49 of 1040.
What is the nearest hundred to 8917?
8900.
What are the release dates for The Young and the Restless - 1973 1-8917?
The Young and the Restless - 1973 1-8917 was released on: USA: 17 June 2008
Where is this number from 365-237-8917?
Looks like a telephone number
What is the phone number of the Poteet Public Library in Poteet?
The phone number of the Poteet Public Library is: 830-742-8917.
Which group of numbers is related 7103 8917 1349 6511?
7103 is a prime number whereas the other numbers are all composite numbers
Can a purchase of a computer for school be deducted on taxes?
Yes this is possible as an adjustment to income using the 1040 income tax return on page 1 line 34 Tuition and Fees deduction (Attach form 8917). IF all of the rules are met by the taxpayer to be a qualified student at a qualified education institution in the 2009 or 2010 tax year. For 2009 and 2010, qualified education expenses include expenses paid or incurred for the purchase of computer technology, equipment, and Internet access to be used by the beneficiary and his or her family while enrolled at an eligible educational institution. 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. Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. For more information about the rules that have to be met and the form 8917 that you will have to use for the Tuition and fees deduction on line of the 1040 tax form go to the IRS gov web site and use the search box for Publication 17 go to chapter 19 Education- Related Adjustments Also use the search box at IRS gov for the FORM 8917
