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Form 1040ez 2011 Instructions

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Form 1040ez 2011 Instructions

Form 1040ez 2011 instructions Publication 936 - Introductory Material Table of Contents Reminders IntroductionOrdering forms and publications. Form 1040ez 2011 instructions Tax questions. Form 1040ez 2011 instructions Useful Items - You may want to see: Reminders Future developments. Form 1040ez 2011 instructions  For the latest information about developments related to Publication 936, Home Mortgage Interest Deduction, such as legislation enacted after it was published, go to www. Form 1040ez 2011 instructions irs. Form 1040ez 2011 instructions gov/pub936. Form 1040ez 2011 instructions Photographs of missing children. Form 1040ez 2011 instructions  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Form 1040ez 2011 instructions Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Form 1040ez 2011 instructions You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Form 1040ez 2011 instructions Introduction This publication discusses the rules for deducting home mortgage interest. Form 1040ez 2011 instructions Part I contains general information on home mortgage interest, including points and mortgage insurance premiums. Form 1040ez 2011 instructions It also explains how to report deductible interest on your tax return. Form 1040ez 2011 instructions Part II explains how your deduction for home mortgage interest may be limited. Form 1040ez 2011 instructions It contains Table 1, which is a worksheet you can use to figure the limit on your deduction. Form 1040ez 2011 instructions Comments and suggestions. Form 1040ez 2011 instructions   We welcome your comments about this publication and your suggestions for future editions. Form 1040ez 2011 instructions   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Form 1040ez 2011 instructions NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Form 1040ez 2011 instructions Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Form 1040ez 2011 instructions   You can send your comments from www. Form 1040ez 2011 instructions irs. Form 1040ez 2011 instructions gov/formspubs. Form 1040ez 2011 instructions Click on “More Information” and then on “Comment on Tax Forms and Publications. Form 1040ez 2011 instructions ”   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Form 1040ez 2011 instructions Ordering forms and publications. Form 1040ez 2011 instructions   Visit www. Form 1040ez 2011 instructions irs. Form 1040ez 2011 instructions gov/formspubs to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Form 1040ez 2011 instructions Internal Revenue Service 1201 N. Form 1040ez 2011 instructions Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Form 1040ez 2011 instructions   If you have a tax question, check the information available on IRS. Form 1040ez 2011 instructions gov or call 1-800-829-1040. Form 1040ez 2011 instructions We cannot answer tax questions sent to either of the above addresses. Form 1040ez 2011 instructions Useful Items - You may want to see: Publication 523 Selling Your Home 527 Residential Rental Property 530 Tax Information for Homeowners 535 Business Expenses   See How To Get Tax Help near the end of this publication, for information about getting these publications. Form 1040ez 2011 instructions Prev  Up  Next   Home   More Online Publications
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Life Insurance

Your need for life insurance will change with changes in your life. For example, the arrival of children usually triggers a sharp increase in the amount you need. As children grow older and leave the nest, you will probably need less protection.

Term life insurance policies are the least costly. They pay death benefits but have no cash value if you decide to stop making payments. As the word "term" suggests, these policies are in effect for a specific period of time-one year or until you reach a certain age are common. You can compare life insurance policies online.

Whole life, universal life, and other cash value policies combine a long-term savings and investment product with life insurance. Canceling these policies after only a few years can more than double your life insurance costs.

If you have misplaced a life insurance policy, your state’s insurance commission may be able to help you locate it. Or you can search for it at the Policy Locator. If the insurance company knows that an insured person has died, but cannot locate the beneficiaries, the company must turn the benefits over to the state’s unclaimed property office. Check with that office if you believe that you are due a benefit. You can avoid losing your life insurance policy by alerting the policy beneficiaries and filing a copy with your will.

Disability Insurance

Disability can be more disastrous financially than death. If you are disabled, you lose your earning power, but you still have living expenses and often huge expenses for medical care. Disability insurance helps you replace lost income. Many employers offer some type of disability insurance coverage for employees, or you can get an individual disability insurance policy. There are two types of disability policies: short-term disability (STD) and long-term disability (LTD). Short-term disability policies have a maximum benefit of two years, while long-term disability policies have benefits that can last the rest of your life. When purchasing disability insurance, ask:

  • How is disability defined? Some policies consider you disabled if you are unable to perform the duties of any job. Better plans pay benefits if you are unable to do the usual duties of your own occupation.
  • When do benefits begin? Most plans have a waiting period after an illness before payments begin.
  • How long do benefits last? After the waiting period, payments are usually available till you reach age 65, though shorter or longer terms are also available.
  • What dollar amount is promised? Can benefits be reduced by Social Security disability and workers' compensation payments? Are the benefits adjusted for inflation? Will the policy provider continue making contributions to your pension plan so you have retirement benefits when the disability coverage ends?

For more information on disability insurance, visit Insurance Information Institute or America's Health Insurance Plans.

The Form 1040ez 2011 Instructions

Form 1040ez 2011 instructions 6. Form 1040ez 2011 instructions   Tuition and Fees Deduction Table of Contents IntroductionWhat is the tax benefit of the tuition and fees deduction. Form 1040ez 2011 instructions Can You Claim the DeductionWho Can Claim the Deduction Who Cannot Claim the Deduction What Expenses QualifyQualified Education Expenses No Double Benefit Allowed Expenses That Do Not Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses Figuring the DeductionEffect of the Amount of Your Income on the Amount of Your Deduction Claiming the Deduction Illustrated Example Introduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions The qualified expenses must be for higher education, as explained later under Qualified Education Expenses . Form 1040ez 2011 instructions What is the tax benefit of the tuition and fees deduction. Form 1040ez 2011 instructions   The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Form 1040ez 2011 instructions   This deduction is taken as an adjustment to income. Form 1040ez 2011 instructions This means you can claim this deduction even if you do not itemize deductions on Schedule A (Form 1040). Form 1040ez 2011 instructions This deduction may be beneficial to you if you do not qualify for the American opportunity or lifetime learning credits. Form 1040ez 2011 instructions You can choose the education benefit that will give you the lowest tax. Form 1040ez 2011 instructions You may want to compare the tuition and fees deduction to the education credits. Form 1040ez 2011 instructions See chapter 2, American Opportunity Credit and chapter 3, Lifetime Learning Credit for more information on the education credits. Form 1040ez 2011 instructions Table 6-1. Form 1040ez 2011 instructions Tuition and Fees Deduction at a Glance summarizes the features of the tuition and fees deduction. Form 1040ez 2011 instructions Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Form 1040ez 2011 instructions Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Form 1040ez 2011 instructions You pay qualified education expenses of higher education. Form 1040ez 2011 instructions You pay the education expenses for an eligible student. Form 1040ez 2011 instructions The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption on your tax return. Form 1040ez 2011 instructions The term “qualified education expenses” is defined later under Qualified Education Expenses . Form 1040ez 2011 instructions “Eligible student” is defined later under Who Is an Eligible Student . Form 1040ez 2011 instructions For more information on claiming the deduction for a dependent, see Who Can Claim a Dependent's Expenses , later. Form 1040ez 2011 instructions Table 6-1. Form 1040ez 2011 instructions Tuition and Fees Deduction at a Glance Do not rely on this table alone. Form 1040ez 2011 instructions Refer to the text for complete details. Form 1040ez 2011 instructions Question Answer What is the maximum benefit? You can reduce your income subject to tax by up to $4,000. Form 1040ez 2011 instructions What is the limit on modified adjusted gross income (MAGI)? $160,000 if married filing a joint return; $80,000 if single, head of household, or qualifying widow(er). Form 1040ez 2011 instructions Where is the deduction taken? As an adjustment to income on  Form 1040 or Form 1040A. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. Form 1040ez 2011 instructions Your filing status is married filing separately. Form 1040ez 2011 instructions Another person can claim an exemption for you as a dependent on his or her tax return. Form 1040ez 2011 instructions You cannot take the deduction even if the other person does not actually claim that exemption. Form 1040ez 2011 instructions Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions More information on nonresident aliens can be found in Publication 519. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions 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 beginning in 2013 or in the first 3 months of 2014. Form 1040ez 2011 instructions 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 deduction. Form 1040ez 2011 instructions Academic period. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Paid with borrowed funds. Form 1040ez 2011 instructions   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Treat loan disbursements sent directly to the educational institution as paid on the date the institution credits the student's account. Form 1040ez 2011 instructions Student withdraws from class(es). Form 1040ez 2011 instructions   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Eligible educational institution. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions S. Form 1040ez 2011 instructions Department of Education. Form 1040ez 2011 instructions It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Form 1040ez 2011 instructions The educational institution should be able to tell you if it is an eligible educational institution. Form 1040ez 2011 instructions   Certain educational institutions located outside the United States also participate in the U. Form 1040ez 2011 instructions S. Form 1040ez 2011 instructions Department of Education's Federal Student Aid (FSA) programs. Form 1040ez 2011 instructions Related expenses. Form 1040ez 2011 instructions   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Form 1040ez 2011 instructions Prepaid expenses. Form 1040ez 2011 instructions   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring an education credit for 2013 only. Form 1040ez 2011 instructions See Academic period , earlier. Form 1040ez 2011 instructions For example, 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). Form 1040ez 2011 instructions 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). Form 1040ez 2011 instructions In the following examples, assume that each student is an eligible student and each college or university an eligible educational institution. Form 1040ez 2011 instructions Example 1. Form 1040ez 2011 instructions Jackson is a sophomore in University V's degree program in dentistry. Form 1040ez 2011 instructions This year, in addition to tuition, he is required to pay a fee to the university for the rental of the dental equipment he will use in this program. Form 1040ez 2011 instructions Because the equipment rental fee must be paid to University V for enrollment and attendance, Jackson's equipment rental fee is a qualified education expense. Form 1040ez 2011 instructions Example 2. Form 1040ez 2011 instructions Donna and Charles, both first-year students at College W, are required to have certain books and other reading materials to use in their mandatory first-year classes. Form 1040ez 2011 instructions The college has no policy about how students should obtain these materials, but any student who purchases them from College W's bookstore will receive a bill directly from the college. Form 1040ez 2011 instructions Charles bought his books from a friend, so what he paid for them is not a qualified education expense. Form 1040ez 2011 instructions Donna bought hers at College W's bookstore. Form 1040ez 2011 instructions Although Donna paid College W directly for her first-year books and materials, her payment is not a qualified education expense because the books and materials are not required to be purchased from College W for enrollment or attendance at the institution. Form 1040ez 2011 instructions Example 3. Form 1040ez 2011 instructions When Marci enrolled at College X for her freshman year, she had to pay a separate student activity fee in addition to her tuition. Form 1040ez 2011 instructions This activity fee is required of all students, and is used solely to fund on-campus organizations and activities run by students, such as the student newspaper and the student government. Form 1040ez 2011 instructions No portion of the fee covers personal expenses. Form 1040ez 2011 instructions Although labeled as a student activity fee, the fee is required for Marci's enrollment and attendance at College X. Form 1040ez 2011 instructions Therefore, it is a qualified expense. Form 1040ez 2011 instructions No Double Benefit Allowed You cannot do any of the following. Form 1040ez 2011 instructions Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions 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). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions See Coordination With Tuition and Fees Deduction in chapter 8, Qualified Tuition Program, later. Form 1040ez 2011 instructions Deduct qualified education expenses that have been paid with tax-free interest on U. Form 1040ez 2011 instructions S. Form 1040ez 2011 instructions savings bonds (Form 8815). Form 1040ez 2011 instructions See Figuring the Tax-Free Amount in chapter 10, Education Savings Bond Program, later. Form 1040ez 2011 instructions Deduct qualified education expenses that have been paid with tax-free educational assistance, such as a scholarship, grant, or assistance provided by an employer. Form 1040ez 2011 instructions See the following section on Adjustments to Qualified Education Expenses. Form 1040ez 2011 instructions Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Form 1040ez 2011 instructions The result is the amount of adjusted qualified education expenses for each student. Form 1040ez 2011 instructions You must also reduce qualified education expenses by the other amounts referred to in No Double Benefit Allowed , earlier. Form 1040ez 2011 instructions Tax-free educational assistance. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions See Academic period , earlier. Form 1040ez 2011 instructions   Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Form 1040ez 2011 instructions 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). Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions   This tax-free education assistance includes: 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), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Form 1040ez 2011 instructions Generally, any scholarship or fellowship is treated as tax free. Form 1040ez 2011 instructions However, a scholarship or fellowship is not treated as tax free 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 of the following is true. Form 1040ez 2011 instructions 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 chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Form 1040ez 2011 instructions 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 chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Form 1040ez 2011 instructions 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 it is received. Form 1040ez 2011 instructions For details, see Adjustments to Qualified Education Expenses in chapters 2 and 3. Form 1040ez 2011 instructions Refunds. Form 1040ez 2011 instructions   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or require repayment (recapture) of a credit claimed in an earlier year. Form 1040ez 2011 instructions Some tax-free educational assistance received after 2013 may be treated as a refund. Form 1040ez 2011 instructions See Tax-free educational assistance , earlier. Form 1040ez 2011 instructions Refunds received in 2013. Form 1040ez 2011 instructions   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses for 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Form 1040ez 2011 instructions Refunds received after 2013 but before your income tax return is filed. Form 1040ez 2011 instructions   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid before you file an income tax return for 2013, the amount of qualified education expenses for 2013 is reduced by the amount of the refund. Form 1040ez 2011 instructions Refunds received after 2013 and after your income tax return is filed. Form 1040ez 2011 instructions   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid after you file an income tax return for 2013, you may need to repay some or all of the credit. Form 1040ez 2011 instructions See Credit recapture , later. Form 1040ez 2011 instructions Coordination with Coverdell education savings accounts and qualified tuition programs. Form 1040ez 2011 instructions   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). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Credit recapture. Form 1040ez 2011 instructions    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. Form 1040ez 2011 instructions You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing that amount by the amount of the refund or tax-free educational assistance. Form 1040ez 2011 instructions 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). Form 1040ez 2011 instructions Include that amount as an additional tax for the year the refund or tax-free assistance was received. Form 1040ez 2011 instructions Example. Form 1040ez 2011 instructions   You paid $3,500 of qualified education expenses in December 2013, and your child began college in January 2014. Form 1040ez 2011 instructions You claimed $3,500 as the tuition and fees deduction on your 2013 income tax return. Form 1040ez 2011 instructions The reduction reduced your taxable income by $3,500. Form 1040ez 2011 instructions Also, you claimed no tax credits in 2013. Form 1040ez 2011 instructions Your child withdrew from two classes and you received a refund of $2,000 in 2014 after you filed your 2013 tax return. Form 1040ez 2011 instructions Refigure your 2013 tuition and fees deduction using $1,500 of qualified education expense instead of the $3,500. Form 1040ez 2011 instructions The refigured tuition and fees deduction is $1,500. Form 1040ez 2011 instructions Do not file an amended 2013 tax return to account for this adjustment. Form 1040ez 2011 instructions Instead, include the difference of $2,000 (but only to the extent this difference would have increased your 2013 tax) on the “Other income” line of your 2014 Form 1040. Form 1040ez 2011 instructions You cannot file Form 1040A for 2014. Form 1040ez 2011 instructions Amounts that do not reduce qualified education expenses. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions 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 Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Restrictions. Form 1040ez 2011 instructions The use of the money is not restricted. Form 1040ez 2011 instructions Example 1. Form 1040ez 2011 instructions In 2013, Jackie paid $3,000 for tuition and $5,000 for room and board at University X. Form 1040ez 2011 instructions The university did not require her to pay any fees in addition to her tuition in order to enroll in or attend classes. Form 1040ez 2011 instructions To help pay these costs, she was awarded a $2,000 scholarship and a $4,000 student loan. Form 1040ez 2011 instructions The terms of the scholarship state that it can be used to pay any of Jackie's college expenses. Form 1040ez 2011 instructions University X applies the $2,000 scholarship against Jackie's $8,000 total bill, and Jackie pays the $6,000 balance of her bill from University X with a combination of her student loan and her savings. Form 1040ez 2011 instructions Jackie does not report any portion of the scholarship as income on her tax return. Form 1040ez 2011 instructions In figuring the tuition and fees deduction, Jackie must reduce her qualified education expenses by the amount of the scholarship ($2,000) because she excluded the entire scholarship from her income. Form 1040ez 2011 instructions The student loan is not tax-free educational assistance, so she does not need to reduce her qualified expenses by any part of the loan proceeds. Form 1040ez 2011 instructions Jackie is treated as having paid $1,000 in qualified education expenses ($3,000 tuition – $2,000 scholarship) in 2013. Form 1040ez 2011 instructions Example 2. Form 1040ez 2011 instructions The facts are the same as in Example 1, except that Jackie reports her entire scholarship as income on her tax return. Form 1040ez 2011 instructions Because Jackie reported the entire $2,000 scholarship in her income, she does not need to reduce her qualified education expenses. Form 1040ez 2011 instructions Jackie is treated as having paid $3,000 in qualified education expenses. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Form 1040ez 2011 instructions Sports, games, hobbies, and noncredit courses. Form 1040ez 2011 instructions   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. Form 1040ez 2011 instructions However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Form 1040ez 2011 instructions Comprehensive or bundled fees. Form 1040ez 2011 instructions   Some eligible educational institutions combine all of their fees for an academic period into one amount. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions See Figuring the Deduction , later, for more information about Form 1098-T. Form 1040ez 2011 instructions 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 (as defined under Qualified Education Expenses , earlier). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions For you to be able to deduct qualified education expenses for your dependent, you must claim an exemption for that individual. Form 1040ez 2011 instructions You do this by listing your dependent's name and other required information on Form 1040 (or Form 1040A), line 6c. Form 1040ez 2011 instructions IF your dependent is an eligible student and you. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions AND. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions THEN. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions Your dependent cannot take a deduction. Form 1040ez 2011 instructions claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Form 1040ez 2011 instructions do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Form 1040ez 2011 instructions do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Form 1040ez 2011 instructions Expenses paid by dependent. Form 1040ez 2011 instructions   If your dependent pays qualified education expenses, no one can take a tuition and fees deduction for those expenses. Form 1040ez 2011 instructions Neither you nor your dependent can deduct the expenses. Form 1040ez 2011 instructions For purposes of the tuition and fees deduction, you are not treated as paying any expenses actually paid by a dependent for whom you or anyone other than the dependent can claim an exemption. Form 1040ez 2011 instructions This rule applies even if you do not claim an exemption for your dependent on your tax return. Form 1040ez 2011 instructions Expenses paid by you. Form 1040ez 2011 instructions   If you claim an exemption for a dependent who is an eligible student, only you can include any expenses you paid when figuring your tuition and fees deduction. Form 1040ez 2011 instructions Expenses paid under divorce decree. Form 1040ez 2011 instructions   Qualified education expenses paid directly to an eligible educational institution for a student under a court-approved divorce decree are treated as paid by the student. Form 1040ez 2011 instructions Only the student would be eligible to take a tuition and fees deduction for that payment, and then only if no one else could claim an exemption for the student. Form 1040ez 2011 instructions Expenses paid by others. Form 1040ez 2011 instructions   Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses. Form 1040ez 2011 instructions In this case, the student is treated as receiving the payment from the other person and, in turn, paying the institution. Form 1040ez 2011 instructions If you claim, or can claim, an exemption on your tax return for the student, you are not considered to have paid the expenses and you cannot deduct them. Form 1040ez 2011 instructions If the student is not a dependent, only the student can deduct payments made directly to the institution for his or her expenses. Form 1040ez 2011 instructions If the student is your dependent, no one can deduct the payments. Form 1040ez 2011 instructions Example. Form 1040ez 2011 instructions In 2013, Ms. Form 1040ez 2011 instructions Baker makes a payment directly to an eligible educational institution for her grandson Dan's qualified education expenses. Form 1040ez 2011 instructions For purposes of deducting tuition and fees, Dan is treated as receiving the money from his grandmother and, in turn, paying his own qualified education expenses. Form 1040ez 2011 instructions If an exemption cannot be claimed for Dan on anyone else's tax return, only Dan can claim a tuition and fees deduction for his grandmother's payment. Form 1040ez 2011 instructions If someone else can claim an exemption for Dan, no one will be allowed a deduction for Ms. Form 1040ez 2011 instructions Baker's payment. Form 1040ez 2011 instructions Tuition reduction. Form 1040ez 2011 instructions   When an eligible educational institution provides a reduction in tuition to an employee of the institution (or spouse or dependent child of an employee), the amount of the reduction may or may not be taxable. Form 1040ez 2011 instructions If it is taxable, the employee is treated as receiving a payment of that amount and, in turn, paying it to the educational institution on behalf of the student. Form 1040ez 2011 instructions For more information on tuition reductions, see Qualified Tuition Reduction , in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Form 1040ez 2011 instructions Figuring the Deduction The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Form 1040ez 2011 instructions See Effect of the Amount of Your Income on the Amount of Your Deduction , later. Form 1040ez 2011 instructions Form 1098-T. Form 1040ez 2011 instructions   To help you figure your tuition and fees deduction, the student should receive Form 1098-T (see Appendix A for a completed example of Form 1098-T). Form 1040ez 2011 instructions 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. Form 1040ez 2011 instructions An institution may choose to report either payments received (box 1), or amounts billed (box 2), for qualified education expenses. Form 1040ez 2011 instructions However, the amount in boxes 1 and 2 of Form 1098-T might be different than what you paid. Form 1040ez 2011 instructions When figuring the deduction, use only the amounts you paid in 2013 for qualified education expenses. Form 1040ez 2011 instructions   In addition, Form 1098-T should give other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements or refunds, and whether the student was enrolled at least half-time or was a graduate student. Form 1040ez 2011 instructions    The eligible educational institution may ask for a completed Form W-9S or similar statement to obtain the student's name, address, and taxpayer identification number. Form 1040ez 2011 instructions Effect of the Amount of Your Income on the Amount of Your Deduction If your MAGI is not more than $65,000 ($130,000 if you are married filing jointly), your maximum tuition and fees deduction is $4,000. Form 1040ez 2011 instructions If your MAGI is larger than $65,000 ($130,000 if you are married filing jointly), but is not more than $80,000 ($160,000 if you are married filing jointly), your maximum deduction is $2,000. Form 1040ez 2011 instructions No tuition and fees deduction is allowed if your MAGI is larger than $80,000 ($160,000 if you are married filing jointly). Form 1040ez 2011 instructions Modified adjusted gross income (MAGI). Form 1040ez 2011 instructions   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return before subtracting any deduction for tuition and fees. Form 1040ez 2011 instructions However, as discussed below, there may be other modifications. Form 1040ez 2011 instructions MAGI when using Form 1040A. Form 1040ez 2011 instructions   If you file Form 1040A, your MAGI is the AGI on line 22 of that form, figured without taking into account any amount on line 19 (tuition and fees deduction). Form 1040ez 2011 instructions MAGI when using Form 1040. Form 1040ez 2011 instructions   If you file Form 1040, your MAGI is the AGI on line 38 of that form, figured without taking into account any amount on line 34 (tuition and fees deduction) or line 35 (domestic production activities deduction), and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Form 1040ez 2011 instructions   Table 6-2 shows how the amount of your MAGI can affect your tuition and fees deduction. Form 1040ez 2011 instructions   You can use Worksheet 6-1. Form 1040ez 2011 instructions MAGI for the Tuition and Fees Deduction , later, to figure your MAGI. Form 1040ez 2011 instructions Table 6-2. Form 1040ez 2011 instructions Effect of MAGI on Maximum Tuition and Fees Deduction IF your filing status is. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions AND your MAGI is. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions THEN your maximum tuition and fees deduction is. Form 1040ez 2011 instructions . Form 1040ez 2011 instructions . Form 1040ez 2011 instructions single,  head of household, or qualifying widow(er) not more than $65,000 $4,000. Form 1040ez 2011 instructions more than $65,000  but not more than $80,000 $2,000. Form 1040ez 2011 instructions more than $80,000 $0. Form 1040ez 2011 instructions married filing joint return not more than $130,000 $4,000. Form 1040ez 2011 instructions more than $130,000 but not more than $160,000 $2,000. Form 1040ez 2011 instructions more than $160,000 $0. Form 1040ez 2011 instructions Claiming the Deduction You claim a tuition and fees deduction by completing Form 8917 and submitting it with your Form 1040 or Form 1040A. Form 1040ez 2011 instructions Enter the deduction on Form 1040, line 34, or Form 1040A, line 19. Form 1040ez 2011 instructions A filled-in Form 8917 is shown at the end of this chapter. Form 1040ez 2011 instructions Illustrated Example Tim Pfister, a single taxpayer, enrolled full-time at a local college to earn a degree in engineering. Form 1040ez 2011 instructions This is the first year of his postsecondary education. Form 1040ez 2011 instructions During 2013, he paid $3,600 for his qualified 2013 tuition expense. Form 1040ez 2011 instructions Both he and the college meet all of the requirements for the tuition and fees deduction. Form 1040ez 2011 instructions Tim's total income (Form 1040, line 22) and MAGI are $26,000. Form 1040ez 2011 instructions He figures his deduction of $3,600 as shown on Form 8917, later. Form 1040ez 2011 instructions Worksheet 6-1. Form 1040ez 2011 instructions MAGI for the Tuition and Fees Deduction Use this worksheet if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico. Form 1040ez 2011 instructions Before using this worksheet, you must complete Form 1040, lines 7 through 33, and figure any amount to be entered on the dotted line next to line 36. Form 1040ez 2011 instructions 1. Form 1040ez 2011 instructions Enter the amount from Form 1040, line 22   1. Form 1040ez 2011 instructions         2. Form 1040ez 2011 instructions Enter the total from Form 1040, lines 23 through 33   2. Form 1040ez 2011 instructions               3. Form 1040ez 2011 instructions Enter the total of any amounts entered on the dotted line next to Form 1040, line 36   3. Form 1040ez 2011 instructions               4. Form 1040ez 2011 instructions Add lines 2 and 3   4. Form 1040ez 2011 instructions         5. Form 1040ez 2011 instructions Subtract line 4 from line 1   5. Form 1040ez 2011 instructions         6. Form 1040ez 2011 instructions Enter your foreign earned income exclusion and/or housing  exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   6. Form 1040ez 2011 instructions         7. Form 1040ez 2011 instructions Enter your foreign housing deduction (Form 2555, line 50)   7. Form 1040ez 2011 instructions         8. Form 1040ez 2011 instructions Enter the amount of income from Puerto Rico you are excluding   8. Form 1040ez 2011 instructions         9. Form 1040ez 2011 instructions Enter the amount of income from American Samoa you are  excluding (Form 4563, line 15)   9. Form 1040ez 2011 instructions         10. Form 1040ez 2011 instructions Add lines 5 through 9. Form 1040ez 2011 instructions This is your modified adjusted gross income   10. Form 1040ez 2011 instructions     Note. Form 1040ez 2011 instructions If the amount on line 10 is more than $80,000 ($160,000 if married filing jointly),  you cannot take the deduction for tuition and fees. Form 1040ez 2011 instructions       This image is too large to be displayed in the current screen. Form 1040ez 2011 instructions Please click the link to view the image. 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