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Irs Amended Tax Return Form

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Irs Amended Tax Return Form

Irs amended tax return form Index A Accountable plan, Accountable plans. Irs amended tax return form Additional Medicare Tax, What's New, Introduction, Additional Medicare Tax. Irs amended tax return form Administrators, Teachers or administrators. Irs amended tax return form American Samoa, Residents of Puerto Rico, the U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Guam, the CNMI, and American Samoa. Irs amended tax return form , Specified U. Irs amended tax return form S. Irs amended tax return form possessions. Irs amended tax return form Assistance (see Tax help) C Cantors, Cantors. Irs amended tax return form Christian Science Practitioners, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Christian Science Practitioners and Readers, Practitioners. Irs amended tax return form , Christian Science Practitioners and Readers, Members of the Clergy Readers, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Christian Science Practitioners and Readers, Readers. Irs amended tax return form , Christian Science Practitioners and Readers Common-law employee, Common-law employee. Irs amended tax return form Commonwealth of the Northern Mariana Islands (CNMI), Residents of Puerto Rico, the U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Guam, the CNMI, and American Samoa. Irs amended tax return form , Specified U. Irs amended tax return form S. Irs amended tax return form possessions. Irs amended tax return form Comprehensive example, Comprehensive Example, Attachment 2—John E. Irs amended tax return form White011-00-2222 Worksheet 4. Irs amended tax return form Figuring Net Self-Employment Income for Schedule SE (Form 1040) Credit Earned income, Earned Income Credit Retirement savings contributions, Retirement savings contributions credit. Irs amended tax return form D Deduction for self-employment tax, Deduction for SE Tax E Earned income credit, Earned Income Credit Effective date Exemption from FICA taxes, Effective date. Irs amended tax return form Exemption from self-employment (SE) tax, Effective date of exemption. Irs amended tax return form , Effective date of exemption. Irs amended tax return form Employment status, Employment status for other tax purposes. Irs amended tax return form Estimated tax, Income Tax Withholding and Estimated Tax Exclusion, foreign earned income, Foreign Earned Income Exemption Form 4029, Table 2. Irs amended tax return form The Self-Employment Tax Exemption Application and Approval Process, Requesting Exemption—Form 4029 Form 4361, Table 2. Irs amended tax return form The Self-Employment Tax Exemption Application and Approval Process, Requesting Exemption—Form 4361 From FICA taxes, Exemption From FICA Taxes From self-employment (SE) tax, Exemption From Self-Employment (SE) Tax, Refunds of SE tax paid. Irs amended tax return form F Federal Insurance Contributions Act (see FICA) FICA Earnings covered, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA? Effective date of exemption, Effective date. Irs amended tax return form Election to exclude church employees, Election by Church To Exclude Its Employees From FICA Coverage Filing requirements for most taxpayers, Filing Your Return Foreign earned income, Foreign Earned Income Form 1040, Excess rental allowance. Irs amended tax return form , Health Insurance Costs of Self-Employed Ministers, Deduction for SE Tax, Exemption from SE tax. Irs amended tax return form , Form 1040, , 1040-ES, Income Tax Withholding and Estimated Tax 1040X, Refunds of SE tax. Irs amended tax return form , Refunds of SE tax paid. Irs amended tax return form 2106-EZ, 4029, Table 2. Irs amended tax return form The Self-Employment Tax Exemption Application and Approval Process, Requesting Exemption—Form 4029, Exemption from SE tax. Irs amended tax return form 4361, Table 2. Irs amended tax return form The Self-Employment Tax Exemption Application and Approval Process, Requesting Exemption—Form 4361, Exemption from SE tax. Irs amended tax return form 8959, What's New, Introduction, Additional Medicare Tax. Irs amended tax return form 941, Forms 941, 943, and 944. Irs amended tax return form 943, Forms 941, 943, and 944. Irs amended tax return form 944, Forms 941, 943, and 944. Irs amended tax return form Schedule A (Form 1040), Schedule C-EZ (Form 1040), Schedule SE (Form 1040), SS-8, Form SS-8. Irs amended tax return form Free tax services, Free help with your tax return. Irs amended tax return form G Gross income Amounts included in, Amounts included in gross income. Irs amended tax return form Amounts not included in, Amounts not included in gross income. Irs amended tax return form Guam, Residents of Puerto Rico, the U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Guam, the CNMI, and American Samoa. Irs amended tax return form , Specified U. Irs amended tax return form S. Irs amended tax return form possessions. Irs amended tax return form H Health insurance costs, deductibility, Health Insurance Costs of Self-Employed Ministers Help (see Tax help) Home ownership, exclusion of allowance, Home ownership. Irs amended tax return form , Cantors. Irs amended tax return form House or parsonage, fair rental value, Fair rental value of parsonage. Irs amended tax return form I Income tax Estimated tax, Income Tax Withholding and Estimated Tax Income and expenses, Income Tax: Income and Expenses, Income Tax Withholding and Estimated Tax Withholding, Income Tax Withholding and Estimated Tax Individual retirement arrangements (IRAs), Individual retirement arrangements (IRAs). Irs amended tax return form K Keogh (H. Irs amended tax return form R. Irs amended tax return form 10) plans, Retirement plans for the self-employed. Irs amended tax return form L Lay employees (see Religious workers) Living abroad, Overseas duty. Irs amended tax return form , Foreign Earned Income M Members of recognized religious sects, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Members of Recognized Religious Sects Members of religious orders, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Members of Religious Orders, Members of Religious Orders, Members of the Clergy, Refunds of SE tax. Irs amended tax return form , Earnings—Members of Religious Orders Ministerial services, exemption for Christian Science practitioners and readers, Christian Science Practitioners and Readers Members of religious orders, Members of Religious Orders Ministers, Ministers Ministers, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Ministers, Ministers defined. Irs amended tax return form , Form SS-8. Irs amended tax return form , Ministers, Members of the Clergy, Refunds of SE tax. Irs amended tax return form , Income Tax: Income and Expenses, Income Tax Withholding and Estimated Tax Retired, Retired ministers. Irs amended tax return form Missionary team, married couple, Married Couple Missionary Team N Nonaccountable plan, Nonaccountable plan. Irs amended tax return form Nonfarm optional method, Nonfarm Optional Method Nonresident aliens, U. Irs amended tax return form S. Irs amended tax return form Citizens and Resident and Nonresident Aliens O Offerings and fees, Amounts included in gross income. Irs amended tax return form , Offerings and Fees Overseas duty, Overseas duty. Irs amended tax return form , Foreign Earned Income P Parsonage allowance, Amounts included in gross income. Irs amended tax return form , Exclusion of Rental Allowance and Fair Rental Value of a Parsonage, Cantors. Irs amended tax return form Publications (see Tax help) Puerto Rico, Residents of Puerto Rico, the U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Guam, the CNMI, and American Samoa. Irs amended tax return form , Specified U. Irs amended tax return form S. Irs amended tax return form possessions. Irs amended tax return form Q Qualified retirement plan, Retirement plans for the self-employed. Irs amended tax return form R Refunds, self-employment tax, Refunds of SE tax. Irs amended tax return form , Refunds of SE tax paid. Irs amended tax return form Reimbursements, Employee reimbursement arrangements. Irs amended tax return form Religious orders, members of, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Members of Religious Orders, Members of Religious Orders, Members of the Clergy, Refunds of SE tax. Irs amended tax return form , Earnings—Members of Religious Orders Religious workers, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Coverage of Religious Workers (Church Employees) Rental allowance, Amounts included in gross income. Irs amended tax return form , Exclusion of Rental Allowance and Fair Rental Value of a Parsonage, Rental allowances. Irs amended tax return form , Cantors. Irs amended tax return form Resident aliens, U. Irs amended tax return form S. Irs amended tax return form Citizens and Resident and Nonresident Aliens Retired ministers, Retired ministers. Irs amended tax return form Retirement savings arrangements, Retirement Savings Arrangements Retirement savings contributions credit, Retirement savings contributions credit. Irs amended tax return form Royalty income from books, Books or articles. Irs amended tax return form S SECA, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Social Security Coverage Sects, members of recognized religious, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Members of Recognized Religious Sects Self-Employment Contributions Act (see SECA) Self-employment tax Deduction, Deduction for SE Tax Exemption, Exemption From Self-Employment (SE) Tax, Refunds of SE tax paid. Irs amended tax return form , Exemption from SE tax. Irs amended tax return form Maximum earnings, Earnings Subject to SE Tax Nonfarm optional method, Nonfarm Optional Method Refunds of, Refunds of SE tax. Irs amended tax return form , Refunds of SE tax paid. Irs amended tax return form Regular method, Regular Method Self-employment, net earnings from, Self-Employment Tax: Figuring Net Earnings, More information. Irs amended tax return form SIMPLE plan, Retirement plans for the self-employed. Irs amended tax return form Simplified employee pension (SEP) plan, Retirement plans for the self-employed. Irs amended tax return form Social security coverage, Social Security Coverage T Tax help, How To Get Tax Help Tax-free income, deductibility of expenses, Expenses Allocable to Tax-Free Income Tax-sheltered annuity plans, Tax-sheltered annuity plans. Irs amended tax return form Teachers, Teachers or administrators. Irs amended tax return form Theological students, Theological students. Irs amended tax return form Traveling evangelists, Traveling evangelists. Irs amended tax return form U U. Irs amended tax return form S. Irs amended tax return form citizens, U. Irs amended tax return form S. Irs amended tax return form Citizens and Resident and Nonresident Aliens U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Residents of Puerto Rico, the U. Irs amended tax return form S. Irs amended tax return form Virgin Islands, Guam, the CNMI, and American Samoa. Irs amended tax return form , Specified U. Irs amended tax return form S. Irs amended tax return form possessions. Irs amended tax return form V Vow of poverty, Table 1. Irs amended tax return form Are Your Ministerial Earnings* Covered Under FICA or SECA?, Vow of poverty. Irs amended tax return form , Services performed outside the order. Irs amended tax return form , Effect of employee status. Irs amended tax return form , Exemption From Self-Employment (SE) Tax, Earnings—Members of Religious Orders Prev  Up     Home   More Online Publications
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The Irs Amended Tax Return Form

Irs amended tax return form 35. Irs amended tax return form   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. Irs amended tax return form They are: The American opportunity credit, and The lifetime learning credit. Irs amended tax return form The chapter will present an overview of these education credits. Irs amended tax return form 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. Irs amended tax return form Can you claim more than one education credit this year?   For each student, you can choose for any year only one of the credits. Irs amended tax return form 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. Irs amended tax return form   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. Irs amended tax return form   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. Irs amended tax return form 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. Irs amended tax return form Table 35-1. Irs amended tax return form Comparison of Education Credits Caution. Irs amended tax return form You can claim both the American opportunity credit and the lifetime learning credit on the same return—but not for the same student. Irs amended tax return form   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. Irs amended tax return form   There are several differences between these two credits. Irs amended tax return form These differences are summarized in Table 35-1, later. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form 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). Irs amended tax return form Academic period. Irs amended tax return form   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 amended tax return form 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 amended tax return form Eligible educational institution. Irs amended tax return form   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 amended tax return form S. Irs amended tax return form Department of Education. Irs amended tax return form It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Irs amended tax return form The educational institution should be able to tell you if it is an eligible educational institution. Irs amended tax return form   Certain educational institutions located outside the United States also participate in the U. Irs amended tax return form S. Irs amended tax return form Department of Education's Federal Student Aid (FSA) programs. Irs amended tax return form Who can claim a dependent's expenses. Irs amended tax return form   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. Irs amended tax return form Therefore, only that person can claim an education credit for the student. Irs amended tax return form If a student is not claimed as a dependent on another person's tax return, only the student can claim a credit. Irs amended tax return form Expenses paid by a third party. Irs amended tax return form   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. Irs amended tax return form 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. Irs amended tax return form Therefore, you are treated as having paid expenses that were paid by the third party. Irs amended tax return form For more information and an example see Who Can Claim a Dependent's Expenses in Pub. Irs amended tax return form 970, chapter 2 or 3. Irs amended tax return form Who cannot claim a credit. Irs amended tax return form   You cannot take an education credit if any of the following apply. Irs amended tax return form You are claimed as a dependent on another person's tax return, such as your parent's return. Irs amended tax return form Your filing status is married filing separately. Irs amended tax return form 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. Irs amended tax return form Your MAGI is one of the following. Irs amended tax return form 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). Irs amended tax return form 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) . Irs amended tax return form   Generally, your MAGI is the amount on your Form 1040, line 38, or Form 1040A, line 22. Irs amended tax return form 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. Irs amended tax return form For details, see Pub. Irs amended tax return form 970. Irs amended tax return form    Figure 35-A may be helpful in determining if you can claim an education credit on your tax return. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form You may be able to take the lifetime learning credit for part or all of that student's qualified education expenses instead. Irs amended tax return form See Pub. Irs amended tax return form 970 for information on other education benefits. Irs amended tax return form 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. Irs amended tax return form It does not matter whether the expenses were paid in cash, by check, by credit or debit card, or with borrowed funds. Irs amended tax return form For course-related books, supplies, and equipment, only certain expenses qualify. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form However, fees for personal expenses (described below) are never qualified education expenses. Irs amended tax return form Qualified education expenses for either credit do not include amounts paid for: Personal expenses. Irs amended tax return form This means room and board, insurance, medical expenses (including student health fees), transportation, and other similar personal, living, or family expenses. Irs amended tax return form 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. Irs amended tax return form 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). Irs amended tax return form 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). Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form Qualified education expenses for any academic period must be reduced by any tax-free educational assistance allocable to that academic period. Irs amended tax return form See Adjustments to Qualified Education Expenses, later. Irs amended tax return form Prepaid Expenses. Irs amended tax return form   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. Irs amended tax return form See Academic period , earlier. Irs amended tax return form 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). Irs amended tax return form    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). Irs amended tax return form Paid with borrowed funds. Irs amended tax return form   You can claim an education credit for qualified education expenses paid with the proceeds of a loan. Irs amended tax return form 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. Irs amended tax return form Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Irs amended tax return form Student withdraws from class(es). Irs amended tax return form   You can claim an education credit for qualified education expenses not refunded when a student withdraws. Irs amended tax return form No Double Benefit Allowed You cannot do any of the following. Irs amended tax return form 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. Irs amended tax return form Claim more than one education credit based on the same qualified education expenses. Irs amended tax return form 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). Irs amended tax return form 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. Irs amended tax return form See Adjustments to Qualified Education Expenses, next. Irs amended tax return form 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. Irs amended tax return form The result is the amount of adjusted qualified education expenses for each student. Irs amended tax return form Tax-free educational assistance. Irs amended tax return form   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. Irs amended tax return form See Academic period , earlier. Irs amended tax return form      Tax-free educational assistance includes:    Tax-free parts of scholarships and fellowships (see chapter 12 of this publication and chapter 1 of Pub. Irs amended tax return form 970), The tax-free part of Pell grants (see chapter 1 of Pub. Irs amended tax return form 970), The tax-free part of employer-provided educational assistance (see Pub. Irs amended tax return form 970), Veterans' educational assistance (see chapter 1 of Pub. Irs amended tax return form 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Irs amended tax return form Generally, any scholarship or fellowship is treated as tax-free educational assistance. Irs amended tax return form 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. Irs amended tax return form 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. Irs amended tax return form 970, chapter 1. Irs amended tax return form 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. Irs amended tax return form For details, see Adjustments of Qualified Education Expenses, in chapters 2 and 3 of Pub. Irs amended tax return form 970. Irs amended tax return form Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Irs amended tax return form 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 amended tax return form 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 amended tax return form 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 amended tax return form Refunds. Irs amended tax return form   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. Irs amended tax return form Some tax-free educational assistance received after 2013 may be treated as a refund. Irs amended tax return form See Tax-free educational assistance, earlier. Irs amended tax return form Refunds received in 2013. Irs amended tax return form   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 amended tax return form Refunds received after 2013 but before your income tax return is filed. Irs amended tax return form   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. Irs amended tax return form Refunds received after 2013 and after your income tax return is filed. Irs amended tax return form   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. Irs amended tax return form See Credit recapture, next. Irs amended tax return form Credit recapture. Irs amended tax return form    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. Irs amended tax return form 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. Irs amended tax return form 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). Irs amended tax return form Include that amount as an additional tax for the year the refund or tax-free assistance was received. Irs amended tax return form Example. Irs amended tax return form    You paid $8,000 tuition and fees in December 2013 for your child's Spring semester beginning in January 2014. Irs amended tax return form 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 . Irs amended tax return form 20). Irs amended tax return form You claimed no other tax credits. Irs amended tax return form After you filed your return, your child withdrew from two courses and you received a refund of $1,400. Irs amended tax return form You must refigure your 2013 lifetime learning credit using $6,600 ($8,000 qualified education expenses − $1,400 refund). Irs amended tax return form The refigured credit is $1,320 and your tax liability increased by $280. Irs amended tax return form 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. Irs amended tax return form See the instructions for your 2014 income tax return to determine where to include this tax. Irs amended tax return form 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. Irs amended tax return form Amounts that do not reduce qualified education expenses. Irs amended tax return form   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 amended tax return form   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 amended tax return form 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. Irs amended tax return form 970. Irs amended tax return form The use of the money is not restricted. Irs amended tax return form   For examples, see chapter 2 in Pub. Irs amended tax return form 970. Irs amended tax return form Figure 35-A. Irs amended tax return form Can You Claim an Education Credit for 2013? 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