File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

2007 Tax Software

Can I File My 2012 Taxes Now2010 Amended Tax ReturnFile A Tax AmendmentHow To File State Tax ReturnFree State Tax Efile For Low IncomeFederal Income Tax FormI Need To File My 2012 Taxes For FreeTax Form 1040 Year 2008Can I File State Taxes For Free1040 V Payment VoucherIrs 1040 Form1040ez Free EfileFile Taxes OnlineFree Download Irs 1040 FormTax ChartFree 1040ez InstructionsAmendment To TaxesUnemployed TaxesIrs.gov/1040x1040ez Printable Tax FormsAmend My Taxes OnlineFile State Taxes Only For FreeHow To File Back TaxState Taxes Free FileCan I File 2012 Taxes Without Filing 2011Do My 2012 Taxes Online For FreeFree 1040ez 2013Free Tax Filing For StudentsAmended Tax Returns1040 Es Payment VoucherAmended Tax Returns More:label_amended_20tax_20returns More:taxesH&r Block LoginHow To Do A Tax AmendmentIrs E File 2011Irs Amended FormsH&r Block ComIrs 1040 FormHow To File An Amended Tax Return For 2009H&r Block Online Tax FilingAmend Federal Tax Return

2007 Tax Software

2007 tax software 35. 2007 tax software   Education Credits Table of Contents Introduction Useful Items - You may want to see: Who Can Claim an Education Credit Qualified Education ExpensesNo Double Benefit Allowed Adjustments to Qualified Education Expenses Introduction For 2013, there are two tax credits available to persons who pay expenses for higher (postsecondary) education. 2007 tax software They are: The American opportunity credit, and The lifetime learning credit. 2007 tax software The chapter will present an overview of these education credits. 2007 tax software To get the detailed information you will need to claim either of the credits, and for examples illustrating that information, see chapters 2 and 3 of Publication 970. 2007 tax software Can you claim more than one education credit this year?   For each student, you can choose for any year only one of the credits. 2007 tax software For example, if you choose to take the American opportunity credit for a child on your 2013 tax return, you cannot, for that same child, also claim the lifetime learning credit for 2013. 2007 tax software   If you are eligible to claim the American opportunity credit and you are also eligible to claim the lifetime learning credit for the same student in the same year, you can choose to claim either credit, but not both. 2007 tax software   If you pay qualified education expenses for more than one student in the same year, you can choose to take the American opportunity and the lifetime learning credits on a per-student, per-year basis. 2007 tax software This means that, for example, you can claim the American opportunity credit for one student and the lifetime learning credit for another student in the same year. 2007 tax software Table 35-1. 2007 tax software Comparison of Education Credits Caution. 2007 tax software You can claim both the American opportunity credit and the lifetime learning credit on the same return—but not for the same student. 2007 tax software   American Opportunity Credit Lifetime Learning Credit Maximum credit Up to $2,500 credit per eligible student Up to $2,000 credit per return Limit on modified adjusted gross income (MAGI) $180,000 if married filing jointly;  $90,000 if single, head of household, or qualifying widow(er) $127,000 if married filing jointly;  $63,000 if single, head of household, or qualifying widow(er) Refundable or nonrefundable 40% of credit may be refundable Credit limited to the amount of tax you must pay on your taxable income Number of years of postsecondary education Available ONLY if the student had not completed the first 4 years of postsecondary education before 2013 Available for all years of postsecondary education and for courses to acquire or improve job skills Number of tax years credit available Available ONLY for 4 tax years per eligible student (including any year(s) the Hope credit was claimed) Available for an unlimited number of years Type of program required Student must be pursuing a program leading to a degree or other recognized education credential Student does not need to be pursuing a program leading to a degree or other recognized education credential Number of courses Student must be enrolled at least half time for at least one academic period beginning during the tax year Available for one or more courses Felony drug conviction At the end of 2013, the student had not been convicted of a felony for possessing or distributing a controlled substance Felony drug convictions do not make the student ineligible Qualified expenses Tuition, required enrollment fees, and course materials that the student needs for a course of study whether or not the materials are bought at the educational institution as a condition of enrollment or attendance Tuition and fees required for enrollment or attendance (including amounts required to be paid to the institution for course-related books, supplies, and equipment) Payments for academic periods Payments made in 2013 for academic periods beginning in 2013 or beginning in the first 3 months of 2014 Differences between the American opportunity and lifetime learning credits. 2007 tax software   There are several differences between these two credits. 2007 tax software These differences are summarized in Table 35-1, later. 2007 tax software Useful Items - You may want to see: Publication 970 Tax Benefits for Education Form (and Instructions) 8863 Education Credits (American Opportunity and Lifetime Learning Credits) Who Can Claim an Education Credit You may be able to claim an education credit if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. 2007 tax software The credits are based on the amount of qualified education expenses paid for the student in 2013 for academic periods beginning in 2013 and in the first 3 months of 2014. 2007 tax software For example, if you paid $1,500 in December 2013 for qualified tuition for the spring 2014 semester beginning in January 2014, you may be able to use that $1,500 in figuring your 2013 education credit(s). 2007 tax software Academic period. 2007 tax software   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. 2007 tax software 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. 2007 tax software Eligible educational institution. 2007 tax software   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. 2007 tax software S. 2007 tax software Department of Education. 2007 tax software It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. 2007 tax software The educational institution should be able to tell you if it is an eligible educational institution. 2007 tax software   Certain educational institutions located outside the United States also participate in the U. 2007 tax software S. 2007 tax software Department of Education's Federal Student Aid (FSA) programs. 2007 tax software Who can claim a dependent's expenses. 2007 tax software   If an exemption is allowed as a deduction for any person who claims the student as a dependent, all qualified education expenses of the student are treated as having been paid by that person. 2007 tax software Therefore, only that person can claim an education credit for the student. 2007 tax software If a student is not claimed as a dependent on another person's tax return, only the student can claim a credit. 2007 tax software Expenses paid by a third party. 2007 tax software   Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. 2007 tax software However, qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. 2007 tax software Therefore, you are treated as having paid expenses that were paid by the third party. 2007 tax software For more information and an example see Who Can Claim a Dependent's Expenses in Pub. 2007 tax software 970, chapter 2 or 3. 2007 tax software Who cannot claim a credit. 2007 tax software   You cannot take an education credit if any of the following apply. 2007 tax software You are claimed as a dependent on another person's tax return, such as your parent's return. 2007 tax software Your filing status is married filing separately. 2007 tax software You (or your spouse) were a nonresident alien for any part of 2013 and did not elect to be treated as a resident alien for tax purposes. 2007 tax software Your MAGI is one of the following. 2007 tax software American opportunity credit: $180,000 or more if married filing jointly, or $90,000 or more if single, head of household, or qualifying widow(er). 2007 tax software Lifetime learning credit: $127,000 or more if married filing jointly, or $63,000 or more if single, head of household, or qualifying widow(er) . 2007 tax software   Generally, your MAGI is the amount on your Form 1040, line 38, or Form 1040A, line 22. 2007 tax software However, if you are filing Form 2555, Form 2555–EZ, or Form 4563, or are excluding income from Puerto RIco, add to the amount on your Form 1040, line 38, or Form 1040A, line 22, the amount of income you excluded. 2007 tax software For details, see Pub. 2007 tax software 970. 2007 tax software    Figure 35-A may be helpful in determining if you can claim an education credit on your tax return. 2007 tax software The American opportunity credit will always be greater than or equal to the lifetime learning credit for any student who is eligible for both credits. 2007 tax software However, if any of the conditions for the American opportunity credit, listed in Table 35-1 earlier, are not met for any student, you cannot take the American opportunity credit for that student. 2007 tax software You may be able to take the lifetime learning credit for part or all of that student's qualified education expenses instead. 2007 tax software See Pub. 2007 tax software 970 for information on other education benefits. 2007 tax software Qualified Education Expenses Generally, qualified education expenses are amounts paid in 2013 for tuition and fees required for the student's enrollment or attendance at an eligible educational institution. 2007 tax software It does not matter whether the expenses were paid in cash, by check, by credit or debit card, or with borrowed funds. 2007 tax software For course-related books, supplies, and equipment, only certain expenses qualify. 2007 tax software American opportunity credit: Qualified education expenses include amounts spent on books, supplies, and equipment needed for a course of study, whether or not the materials are purchased from the educational institution as a condition of enrollment or attendance. 2007 tax software Lifetime learning credit: Qualified education expenses include amounts for books, supplies, and equipment only if required to be paid to the institution as a condition of enrollment or attendance. 2007 tax software Qualified education expenses include nonacademic fees, such as student activity fees, athletic fees, or other expenses unrelated to the academic course of instruction, only if the fee must be paid to the institution as a condition of enrollment or attendance. 2007 tax software However, fees for personal expenses (described below) are never qualified education expenses. 2007 tax software Qualified education expenses for either credit do not include amounts paid for: Personal expenses. 2007 tax software This means room and board, insurance, medical expenses (including student health fees), transportation, and other similar personal, living, or family expenses. 2007 tax software Any course or other education involving sports, games, or hobbies, or any noncredit course, unless such course or other education is part of the student's degree program or (for the lifetime learning credit only) helps the student acquire or improve job skills. 2007 tax software You should receive Form 1098–T, Tuition Statement, from the institution reporting either payments received in 2013 (box 1) or amounts billed in 2013 (box 2). 2007 tax software However, the amount in box 1 or 2 of Form 1098–T may be different from the amount you paid (or are treated as having paid). 2007 tax software In completing Form 8863, use only the amounts you actually paid (plus any amounts you are treated as having paid) in 2013, reduced as necessary, as described in Adjustments to Qualified Education Expenses , later. 2007 tax software Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. 2007 tax software Qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. 2007 tax software If you or the student takes a deduction for higher education expenses, such as on Schedule A or C (Form 1040), you cannot use those expenses in your qualified education expenses when figuring your education credits. 2007 tax software Qualified education expenses for any academic period must be reduced by any tax-free educational assistance allocable to that academic period. 2007 tax software See Adjustments to Qualified Education Expenses, later. 2007 tax software Prepaid Expenses. 2007 tax software   Qualified education expenses paid in 2013 for an academic period that begins in the first 3 months of 2014 can be used in figuring an education credit for 2013 only. 2007 tax software See Academic period , earlier. 2007 tax software 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 an education credit for 2013 only (if you meet all the other requirements). 2007 tax software    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 education credit(s). 2007 tax software Paid with borrowed funds. 2007 tax software   You can claim an education credit for qualified education expenses paid with the proceeds of a loan. 2007 tax software Use the expenses to figure the credit for the year in which the expenses are paid, not the year in which the loan is repaid. 2007 tax software Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. 2007 tax software Student withdraws from class(es). 2007 tax software   You can claim an education credit for qualified education expenses not refunded when a student withdraws. 2007 tax software No Double Benefit Allowed You cannot do any of the following. 2007 tax software Deduct higher education expenses on your income tax return (as, for example, a business expense) and also claim an education credit based on those same expenses. 2007 tax software Claim more than one education credit based on the same qualified education expenses. 2007 tax software Claim an education credit based on the same expenses used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or qualified tuition program (QTP). 2007 tax software Claim an education credit based on qualified education expenses paid with educational assistance, such as a tax-free scholarship, grant, or employer-provided educational assistance. 2007 tax software See Adjustments to Qualified Education Expenses, next. 2007 tax software Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid in 2013 by or on behalf of that student under the following rules. 2007 tax software The result is the amount of adjusted qualified education expenses for each student. 2007 tax software Tax-free educational assistance. 2007 tax software   For tax-free educational assistance received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period. 2007 tax software See Academic period , earlier. 2007 tax software      Tax-free educational assistance includes:    Tax-free parts of scholarships and fellowships (see chapter 12 of this publication and chapter 1 of Pub. 2007 tax software 970), The tax-free part of Pell grants (see chapter 1 of Pub. 2007 tax software 970), The tax-free part of employer-provided educational assistance (see Pub. 2007 tax software 970), Veterans' educational assistance (see chapter 1 of Pub. 2007 tax software 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. 2007 tax software Generally, any scholarship or fellowship is treated as tax-free educational assistance. 2007 tax software However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent the student includes it in gross income (if the student is 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. 2007 tax software 970, chapter 1; or 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. 2007 tax software 970, chapter 1. 2007 tax software You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year received. 2007 tax software For details, see Adjustments of Qualified Education Expenses, in chapters 2 and 3 of Pub. 2007 tax software 970. 2007 tax software Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. 2007 tax software 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). 2007 tax software 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. 2007 tax software 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. 2007 tax software Refunds. 2007 tax software   A refund of qualified education expenses may reduce qualified education expenses for the tax year or may require you to repay (recapture) the credit that you claimed in an earlier year. 2007 tax software Some tax-free educational assistance received after 2013 may be treated as a refund. 2007 tax software See Tax-free educational assistance, earlier. 2007 tax software Refunds received in 2013. 2007 tax software   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. 2007 tax software Refunds received after 2013 but before your income tax return is filed. 2007 tax software   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student 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. 2007 tax software Refunds received after 2013 and after your income tax return is filed. 2007 tax software   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is received after you file your 2013 income tax return, you may need to repay some or all of the credit that you claimed. 2007 tax software See Credit recapture, next. 2007 tax software Credit recapture. 2007 tax software    If any tax-free educational assistance for the qualified education expenses paid in 2013, or any refund of your qualified education expenses paid in 2013, is received after you file your 2013 income tax return, you must recapture (repay) any excess credit. 2007 tax software You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing the expenses by the amount of the refund or tax-free educational assistance. 2007 tax software You then refigure your education credit(s) for 2013 and figure the amount by which your 2013 tax liability would have increased if you had claimed the refigured credit(s). 2007 tax software Include that amount as an additional tax for the year the refund or tax-free assistance was received. 2007 tax software Example. 2007 tax software    You paid $8,000 tuition and fees in December 2013 for your child's Spring semester beginning in January 2014. 2007 tax software You filed your 2013 tax return on February 3, 2014, and claimed a lifetime learning credit of $1,600 ($8,000 qualified education expense paid x . 2007 tax software 20). 2007 tax software You claimed no other tax credits. 2007 tax software After you filed your return, your child withdrew from two courses and you received a refund of $1,400. 2007 tax software You must refigure your 2013 lifetime learning credit using $6,600 ($8,000 qualified education expenses − $1,400 refund). 2007 tax software The refigured credit is $1,320 and your tax liability increased by $280. 2007 tax software You must include the difference of $280 ($1,600 credit originally claimed − $1,320 refigured credit) as additional tax on your 2014 income tax return. 2007 tax software See the instructions for your 2014 income tax return to determine where to include this tax. 2007 tax software If you also pay qualified education expenses in 2014 for an academic period that begins in the first 3 months of 2014 and you receive tax-free educational assistance, or a refund, as described above, you may choose to reduce your qualified education expenses for 2014 instead of reducing your expenses for 2013. 2007 tax software Amounts that do not reduce qualified education expenses. 2007 tax software   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. 2007 tax software   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. 2007 tax software 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, as defined in Chapter 1 of Pub. 2007 tax software 970. 2007 tax software The use of the money is not restricted. 2007 tax software   For examples, see chapter 2 in Pub. 2007 tax software 970. 2007 tax software Figure 35-A. 2007 tax software Can You Claim an Education Credit for 2013? This image is too large to be displayed in the current screen. 2007 tax software Please click the link to view the image. 2007 tax software Figure 35-A. 2007 tax software Can You Claim an Education Credit for 2013? Prev  Up  Next   Home   More Online Publications
Español

Oops! We can't find the file

Official information and services from the U.S. government

We're sorry, but the page you're looking for might have been removed, had its name changed, or is temporarily unavailable.

What should you do?

  • If you typed the page url, check the spelling.
  • Go to our home page and browse through our topics for the information you want.
  • Go to our site index, and look through the alphabetical listing for links to the page you want.
  • If you need help finding government information, please contact us.
  • Use our search engine to find the information you want.

The 2007 Tax Software

2007 tax software Publication 584SP - Introductory Material Table of Contents Qué Hay de Nuevo Introduction Qué Hay de Nuevo Acontecimientos futuros. 2007 tax software  El IRS ha diseñado una página en el Internet, www. 2007 tax software irs. 2007 tax software gov/pub584sp, que incluye información sobre la Publicación 584(SP). 2007 tax software Toda información sobre desarrollos futuros que afecten la Publicación 584(SP) (como legislación aprobada después de que la publicación haya sido publicada) será anunciada en esta página. 2007 tax software Introduction Este registro se ha creado para ayudarlo a determinar la cantidad de una pérdida ocasionada por un desastre, hecho fortuito o robo que esté relacionada con propiedad de uso personal. 2007 tax software Contiene anexos para ayudarlo a calcular el valor de la pérdida de su residencia principal, de toda propiedad contenida dentro de la misma y de sus vehículos motorizados. 2007 tax software Sin embargo, estos anexos sólo son para su información. 2007 tax software Tiene que completar el Formulario 4684, Casualties and Thefts (Hechos Fortuitos y Robos), en inglés, para declarar su pérdida. 2007 tax software Prev  Up  Next   Home   More Online Publications