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

Online Tax Preparation

Fillable Tax Forms 2011Turbotax 2005 Free DownloadFree State E File TaxesHow To File 2006 Taxes Online FreeFiling Taxes Military1040ez Free Online FilingAmend Tax Return OnlineFederal Taxes 2012Eitc2012 Tax Return AmendmentTax FormsIncome Tax Software 2012Prior TaxesNeed To File State Taxes OnlyHow To File Free State Taxes OnlineFreefilefillableforms ComFile State Income TaxHr Block OnlineFiling Ez Form Online1040ez WorksheetTax Form 1040ezI Want To File My 2012 Taxes OnlineH&r Block LoginCan You File 1040ez Online2012 Irs 1040ez InstructionsWww Taxact Com 2011Free Turbo Tax FilingE File 1040ez2012 Tax FormsFree Online Tax Extension FormTax Addendum FormMass Income State Tax FormsHr Block1099xTaxes UnemployedCan I File 2011 Taxes With Turbotax1042nr EzWhere Can I File Only My State Taxes For FreeFile Taxes 2014Tax Form For Students

Online Tax Preparation

Online tax preparation Index A Accuracy of deposits rule, Accuracy of Deposits Rule Additional Medicare Tax, Reminders, Additional Medicare Tax withholding. Online tax preparation , Additional Medicare Tax withholding adjustments. Online tax preparation Adjustments, 13. Online tax preparation Reporting Adjustments to Form 941 or Form 944 Aliens, nonresident, Withholding income taxes on the wages of nonresident alien employees. Online tax preparation , Withholding of social security and Medicare taxes on nonresident aliens. Online tax preparation Allocated tips, Allocated tips. Online tax preparation Archer MSAs, Health Savings Accounts and medical savings accounts. Online tax preparation Assistance (see Tax help) B Backup withholding, Nonpayroll Income Tax Withholding Business expenses, employee, Employee business expense reimbursements. Online tax preparation C Calendar, Calendar Certain foreign persons treated as American employers, Foreign persons treated as American employers. Online tax preparation Change of business address or responsible party, Change of Business Address or Responsible Party COBRA premium assistance credit, COBRA premium assistance credit. Online tax preparation Correcting employment taxes, Correcting employment taxes. Online tax preparation Correcting errors, (prior period adjustments) Form 941, Prior Period Adjustments D Delivery services, private, Private Delivery Services Depositing taxes Penalties, Deposit Penalties Rules, 11. Online tax preparation Depositing Taxes Differential wage payments, Differential wage payments. Online tax preparation E E-file, Electronic filing by reporting agents. Online tax preparation Election worker, State and local government employers. Online tax preparation Electronic, Electronic deposit requirement. Online tax preparation Electronic deposit requirement, Electronic deposit requirement. Online tax preparation Electronic Federal Tax Payment System (EFTPS), Electronic deposit requirement. Online tax preparation Electronic filing, Electronic Filing and Payment, Electronic filing by reporting agents. Online tax preparation Eligibility for employment, Hiring New Employees Employees defined, Employee status under common law. Online tax preparation Employer identification number (EIN), 1. Online tax preparation Employer Identification Number (EIN) Employer responsibilities, Paying Wages, Pensions, or Annuities F Family employees, 3. Online tax preparation Family Employees Final return, Final return. Online tax preparation Form 944, 12. Online tax preparation Filing Form 941 or Form 944 Fringe benefits, Fringe benefits. Online tax preparation FUTA tax, 14. Online tax preparation Federal Unemployment (FUTA) Tax G Government employers, Federal Government employers. Online tax preparation H Health insurance plans, Health insurance plans. Online tax preparation Health Savings Accounts (HSAs), Health Savings Accounts and medical savings accounts. Online tax preparation Hiring new employees, Hiring New Employees Household employees, Exceptions. Online tax preparation I Income tax withholding, Income Tax Withholding, 16. Online tax preparation How To Use the Income Tax Withholding Tables Information returns, Information Returns International social security agreements, International social security agreements. Online tax preparation L Long-term care insurance, Health insurance plans. Online tax preparation Lookback period, When To Deposit M Meals and lodging, Meals and lodging. Online tax preparation Medical care, Medical care reimbursements. Online tax preparation Medical savings accounts, Health Savings Accounts and medical savings accounts. Online tax preparation Medicare tax, Social Security and Medicare Taxes Mileage, Per diem or other fixed allowance. Online tax preparation Monthly deposit schedule, Monthly Deposit Schedule Moving expenses, Moving expenses. Online tax preparation N New employees, Hiring New Employees Noncash wages, Wages not paid in money. Online tax preparation Nonemployee compensation, Nonpayroll Income Tax Withholding P Part-time workers, Part-Time Workers Payroll period, 8. Online tax preparation Payroll Period Penalties, Deposit Penalties, Penalties. Online tax preparation Private delivery services, Private Delivery Services Publications (see Tax help) R Reconciling Forms W-2 and Forms 941 or 944, Reconciling Forms W-2, W-3, and 941 or 944. Online tax preparation Recordkeeping, Recordkeeping Reimbursements, Accountable plan. Online tax preparation , Nonaccountable plan. Online tax preparation , Per diem or other fixed allowance. Online tax preparation Repayments, wages, Wage Repayments S Seasonal employers, Exceptions. Online tax preparation Semiweekly deposit schedule, Semiweekly Deposit Schedule Sick pay, Sick pay. Online tax preparation Social security and Medicare taxes, Social Security and Medicare Taxes Social security number, employee, 4. Online tax preparation Employee's Social Security Number (SSN) Spouse, Business Owned and Operated by Spouses Standard mileage rate, Per diem or other fixed allowance. Online tax preparation Statutory employees, Employee status under common law. Online tax preparation Statutory nonemployees, Statutory employees. Online tax preparation Successor employer, Successor employer. Online tax preparation , Successor employer. Online tax preparation Supplemental wages, 7. Online tax preparation Supplemental Wages T Tax help, How To Get Tax Help Telephone help, Telephone Help Third-party sick pay tax adjustment, Adjustment of tax on third-party sick pay. Online tax preparation Tip Rate Determination Agreement, Tip Rate Determination and Education Program. Online tax preparation Tip Rate Determination and Education Program, Tip Rate Determination and Education Program. Online tax preparation Tips, 6. Online tax preparation Tips, Tips treated as supplemental wages. Online tax preparation Trust fund recovery penalty, Trust fund recovery penalty. Online tax preparation TTY/TDD information, How To Get Tax Help U Unemployment tax, federal, 14. Online tax preparation Federal Unemployment (FUTA) Tax V Vacation pay, Vacation pay. Online tax preparation W Wage repayments, Wage Repayments Wages defined, 5. Online tax preparation Wages and Other Compensation Wages not paid in money, Wages not paid in money. Online tax preparation Withholding Backup, Nonpayroll Income Tax Withholding Certificate, Using Form W-4 to figure withholding. Online tax preparation Exemption, Exemption from federal income tax withholding. Online tax preparation Fringe benefits, Withholding on fringe benefits. Online tax preparation Income tax, Income Tax Withholding Levies, Amounts exempt from levy on wages, salary, and other income. Online tax preparation Nonresident aliens, Withholding of social security and Medicare taxes on nonresident aliens. Online tax preparation Pensions and annuities, Nonpayroll Income Tax Withholding Percentage method, Percentage Method Social security and Medicare taxes, Social Security and Medicare Taxes Table instructions, 16. Online tax preparation How To Use the Income Tax Withholding Tables Tips, Tips treated as supplemental wages. Online tax preparation Wage bracket method, Wage Bracket Method Z Zero wage return, Paying Wages, Pensions, or Annuities Prev  Up     Home   More Online Publications
Español

The Online Tax Preparation

Online tax preparation Publication 970 - Additional Material Table of Contents AppendicesAppendix A. Online tax preparation Illustrated Example of Education Credits Glossary Appendices The following appendices are provided to help you claim the education benefits that will give you the lowest tax. Online tax preparation Appendix A—An illustrated example of education credits, including a filled-in Form 8863 showing how to claim both the American opportunity credit and lifetime learning credit for 2013. Online tax preparation Appendix B—A chart summarizing some of the major differences between the education tax benefits discussed in this publication. Online tax preparation It is intended only as a guide. Online tax preparation Look in this publication for more complete information. Online tax preparation   Appendix A. Online tax preparation Illustrated Example of Education Credits Dave and Valerie Jones are married and on their 2013 joint tax return they claim exemptions for their two dependent children, Sean (age 21, social security number: 000-00-0001) and Carey (age 18, social security number: 000–00–0002). Online tax preparation Their modified adjusted gross income (MAGI) on Form 1040, line 38 is $110,000. Online tax preparation Because Dave and Valerie have unusually high itemized deductions, their taxable income is $10,000 and their tax before credits is $1,000. Online tax preparation Sean enrolled as a full-time graduate student in August 2013 at California State College. Online tax preparation He graduated with his bachelor's degree in 2012 and did not attend school from January 2013 through July 2013. Online tax preparation His parents claimed the Hope Scholarship Credit for Sean for 2008 and the American opportunity credit for Sean for 2010, 2011, and 2012. Online tax preparation Carey enrolled full time as a freshman at the same college in January 2013 to begin working on her bachelor's degree. Online tax preparation In 2013, Dave and Valerie paid $7,000 in tuition for Sean and $8,500 in tuition for Carey. Online tax preparation California State College issued two Forms 1098-T, one for Sean and one for Carey, and sent them to the Joneses' residence. Online tax preparation California State College reports amounts billed in 2013 instead of amounts paid during 2013. Online tax preparation In completing Form 8863, the Joneses use the amounts they paid. Online tax preparation Neither Sean nor Carey has been convicted of a felony for possession or distribution of a controlled substance before the end of 2013. Online tax preparation Dave and Valerie figure their education credits by completing Form 8863. Online tax preparation They begin Form 8863 on page 2 before completing Part I on page 1. Online tax preparation Because the Joneses have two eligible students, they will complete page 2 twice, once for their son, Sean, and once for their daughter, Carey. Online tax preparation The Joneses decide to complete Part III for Carey first, as shown later. Online tax preparation They carry over the amount of $2,500 entered on Part III, line 30, to Part I, line 1. Online tax preparation The Joneses complete a separate Part III for their son Sean. Online tax preparation They check the “Yes” box on line 23, determine that Sean is not eligible for the American opportunity credit, and go to line 31 as instructed. Online tax preparation They figure their line 31 adjusted qualified education expenses for Sean to be $7,000. Online tax preparation Once they have completed Part III for each student, they figure their credits. Online tax preparation The Joneses figure their refundable American opportunity credit of $1,000 by completing Form 8863, Part I, lines 1 through 8. Online tax preparation They enter the amount from line 8, $1,000, on line 66 of their Form 1040. Online tax preparation The Joneses enter $7,000 on Part II, line 10, of Form 8863 and figure their tentative lifetime learning credit for 2013 to be $1,400 (line 12). Online tax preparation They cannot claim the full amount because their MAGI of $110,000 is greater than $107,000. Online tax preparation They enter the reduced amount of $1,190 (figured on Part II, line 18) on the Credit Limit Worksheet, line 1. Online tax preparation The $1,190 is added to their nonrefundable American opportunity credit ($1,500 on line 2 of the Credit Limit Worksheet) for a total nonrefundable credit of $2,690. Online tax preparation The Joneses enter $1,000 on line 7 of the Credit Limit Worksheet, which is the smaller of their tax from line 46 of their Form 1040 (which is $1,000) or the $2,690 on line 3 of the Credit Limit Worksheet. Online tax preparation They enter $1,000 on line 19, Part II of Form 8863 and on line 49 of Form 1040. Online tax preparation This image is too large to be displayed in the current screen. Online tax preparation Please click the link to view the image. Online tax preparation Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Online tax preparation Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 8,500 2. Online tax preparation Less adjustments:     a. Online tax preparation Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Online tax preparation Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Online tax preparation Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Online tax preparation Total adjustments (add lines 2a, 2b, and 2c) 0 4. Online tax preparation Adjusted qualified education expenses. Online tax preparation Subtract line 3 from line 1. Online tax preparation If zero or less, enter -0- 8,500 This image is too large to be displayed in the current screen. Online tax preparation Please click the link to view the image. Online tax preparation Form 1098-T Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Online tax preparation Total qualified education expenses paid for or on behalf of the student in 2013 for the academic period 7,000 2. Online tax preparation Less adjustments:     a. Online tax preparation Tax-free educational assistance received in 2013 allocable to the academic period   0     b. Online tax preparation Tax-free educational assistance received in 2014 (and before you file your 2013 tax return) allocable to the academic period   0     c. Online tax preparation Refunds of qualified education expenses paid in 2013 if the refund is received in 2013 or in 2014 before you file your 2013 tax return   0   3. Online tax preparation Total adjustments (add lines 2a, 2b, and 2c) 0 4. Online tax preparation Adjusted qualified education expenses. Online tax preparation Subtract line 3 from line 1. Online tax preparation If zero or less, enter -0- 7,000 Credit Limit Worksheet (Form 8863 instructions) Nonrefundable Credit Worksheet 1. Online tax preparation Enter the amount from Form 8863, line 18 1. Online tax preparation 1,190 2. Online tax preparation Enter the amount from Form 8863, line 9 2. Online tax preparation 1,500 3. Online tax preparation Add lines 1 and 2 3. Online tax preparation 2,690 4. Online tax preparation Enter the amount from: Form 1040, line 46; or Form 1040A, line 28 4. Online tax preparation 1,000 5. Online tax preparation Enter the amount from either: Form 1040, lines 47 and 48, and the amount from Schedule R included on Form 1040, line 53; or Form 1040A, lines 29 and 30 5. Online tax preparation 0 6. Online tax preparation Subtract line 5 from line 4 6. Online tax preparation 1,000 7. Online tax preparation   Enter the smaller of line 3 or line 6 here and on Form 8863, line 19 7. Online tax preparation 1,000 This image is too large to be displayed in the current screen. Online tax preparation Please click the link to view the image. Online tax preparation Form 8863 for Dave and Valerie Jones This image is too large to be displayed in the current screen. Online tax preparation Please click the link to view the image. Online tax preparation Carey Jones page 2 This image is too large to be displayed in the current screen. Online tax preparation Please click the link to view the image. Online tax preparation Filled-in Form 8863 Jones page 2 Appendix B. Online tax preparation Highlights of Education Tax Benefits for Tax Year 2013 This chart highlights some differences among the benefits discussed in this publication. Online tax preparation See the text for definitions and details. Online tax preparation Do not rely on this chart alone. Online tax preparation    Caution:You generally cannot claim more than one benefit for the same education expense. Online tax preparation   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What is your  benefit? Amounts received may not be taxable   Credits can reduce the amount of tax you have to pay. Online tax preparation    40% of the credit may be refundable (limited to $1,000 per student). Online tax preparation Credits can reduce amount of tax you must pay Can deduct interest paid Can deduct expenses Earnings not  taxed Earnings not taxed No 10%  additional tax on early distribution Interest not taxed Employer benefits not taxed Can deduct expenses What is the annual limit? None $2,500 credit per student $2,000 credit per tax return     $2,500 deduction $4,000 deduction $2,000 contribution per beneficiary None Amount of qualified  education expenses Amount of qualified  education expenses $5,250 exclusion Amount of qualifying work-related education expenses What expenses  qualify besides  tuition and required enrollment fees? Course-related expenses such as fees, books, supplies, and equipment Course-related books, supplies, and equipment Amounts paid for required books, etc. Online tax preparation , that must be paid to the educational institution, etc. Online tax preparation , are required fees Books Supplies Equipment  Room & board  Transportation  Other necessary expenses  None Books Supplies Equipment  Expenses for special needs services  Payments to QTP  Higher education: Room & board if  at least half-time  student  Elem/sec (K–12) education: Tutoring Room & board Uniforms Transportation Computer  access Supplementary expenses Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Books Supplies Equipment  Room & board if  at least half-time student  Expenses for special needs services Payments to Coverdell ESA  Payments to QTP Books Supplies Equipment Transportation  Travel  Other necessary expenses   Scholarships,  Fellowships, Grants, and  Tuition  Reductions American Opportunity Credit Lifetime Learning Credit Student Loan Interest Deduction Tuition and Fees Deduction Coverdell ESA† Qualified Tuition Program (QTP)† Education Exception to Additional Tax on Early IRA Distributions† Education Savings Bond Program† Employer- Provided Educational Assistance† Business Deduction for Work-Related Education What education qualifies? Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate  Courses to acquire or improve job skills    Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate  K–12 Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Undergraduate & graduate Required by employer or law to keep present job, salary, status  Maintain or improve job skills What are some of the other  conditions that  apply? Must be in degree or vocational program  Payment of tuition and required fees must be allowed under the grant Can be claimed for only 4 tax years (which includes years Hope Scholarship Credit claimed)  Must be enrolled at least half-time in degree program  No felony drug conviction(s)  Must not have completed first 4 years of postsecondary education before end of preceding tax year. Online tax preparation   No other conditions Must have been at least half-time  student in degree program Cannot claim both deduction & education credit for same student in same year Assets must be distributed at age 30 unless special  needs beneficiary No other conditions No other conditions Applies only to qualified series  EE bonds issued after 1989 or series I bonds No other conditions Cannot be to  meet minimum educational requirements of present trade/business  Cannot qualify  you for new trade/business   In what income  range do benefits  phase out? No phaseout $80,000 – $90,000  $160,000 – $180,000 for joint returns $53,000 – $63,000  $107,000 – $127,000 for joint returns $60,000 – $75,000  $125,000 –  $155,000 for  joint returns  $60,000 – $80,000  $130,000 –  $160,000 for  joint returns  $95,000 – $110,000  $190,000 – $220,000 for  joint returns No phaseout No phaseout   No phaseout No phaseout † Any nontaxable distribution is limited to the amount that does not exceed qualified education expenses. Online tax preparation Glossary The education benefits included in this publication were enacted over many years, leading to a number of common terms being defined differently from one benefit to the next. Online tax preparation For example, an eligible educational institution means one thing when determining if earnings from a Coverdell education savings account are not taxable and something else when determining if a scholarship or fellowship is not taxable. Online tax preparation For each term listed below that has more than one definition, the definition for each education benefit is listed. Online tax preparation Academic period:   A semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Online tax preparation If an educational institution uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Online tax preparation Adjusted qualified education expenses (AQEE):    Qualified education expenses (defined later) reduced by any tax-free educational assistance, such as a tax-free scholarship or employer-provided educational assistance. Online tax preparation They must also be reduced by any qualified education expenses deducted elsewhere on your return, used to determine an education credit or other benefit, or used to determine a tax-free distribution. Online tax preparation For information on a specific benefit, see the appropriate chapter in this publication. Online tax preparation Candidate for a degree:   A student who meets either of the following requirements. Online tax preparation Attends a primary or secondary school or pursues a degree at a college or university, or Attends an accredited educational institution that is authorized to provide: A program that is acceptable for full credit toward a bachelor's or higher degree, or A program of training to prepare students for gainful employment in a recognized occupation. Online tax preparation Designated beneficiary:   The individual named in the document creating the account/plan who is to receive the benefit of the funds in the account/plan. Online tax preparation Eligible educational institution:    American opportunity credit. Online tax preparation Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Online tax preparation It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Online tax preparation Coverdell education savings account (ESA). Online tax preparation Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Online tax preparation It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Online tax preparation Also included is any public, private, or religious school that provides elementary or secondary education (kindergarten through grade 12), as determined under state law. Online tax preparation Education savings bond program. Online tax preparation Same as American opportunity credit in this category. Online tax preparation IRA, early distributions from. Online tax preparation Same as American opportunity credit in this category. Online tax preparation Lifetime learning credit. Online tax preparation Same as American opportunity credit in this category. Online tax preparation Qualified tuition program (QTP). Online tax preparation Same as American opportunity credit in this category. Online tax preparation Scholarships and fellowships. Online tax preparation An institution that maintains a regular faculty and curriculum and normally has a regularly enrolled body of students in attendance at the place where it carries on its educational activities. Online tax preparation Student loan, cancellation of. Online tax preparation Same as Scholarships and fellowships in this category. Online tax preparation Student loan interest deduction. Online tax preparation Any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the Department of Education. Online tax preparation It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Online tax preparation Also included is an institution that conducts an internship or residency program leading to a degree or certificate from an institution of higher education, a hospital, or a health care facility that offers postgraduate training. Online tax preparation Tuition and fees deduction. Online tax preparation Same as American opportunity credit in this category. Online tax preparation Eligible student:    American opportunity credit. Online tax preparation A student who meets all of the following requirements for the tax year for which the credit is being determined. Online tax preparation Did not have expenses that were used to figure an American opportunity or Hope Scholarship Credit in any 4 earlier tax years. Online tax preparation Had not completed the first 4 years of postsecondary education (generally the freshman through senior years). Online tax preparation For at least one academic period beginning in the tax year, was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. Online tax preparation Was free of any federal or state felony conviction for possessing or distributing a controlled substance as of the end of the tax year. Online tax preparation Lifetime learning credit. Online tax preparation A student who is enrolled in one or more courses at an eligible educational institution. Online tax preparation Student loan interest deduction. Online tax preparation A student who was enrolled at least half-time in a program leading to a postsecondary degree, certificate, or other recognized educational credential at an eligible educational institution. Online tax preparation Tuition and fees deduction. Online tax preparation A student who is enrolled in one or more courses at an eligible educational institution. Online tax preparation Half-time student:   A student who is enrolled for at least half the full-time academic work load for the course of study the student is pursuing, as determined under the standards of the school where the student is enrolled. Online tax preparation Modified adjusted gross income (MAGI):    American opportunity credit. Online tax preparation Adjusted gross income (AGI) as figured on the federal income tax return, 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. Online tax preparation Coverdell education savings account (ESA). Online tax preparation Same as American opportunity credit in this category. Online tax preparation Education savings bond program. Online tax preparation Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any savings bond interest exclusion 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, Exclusion of income by bona fide residents of Puerto Rico, Exclusion for adoption benefits received under an employer's adoption assistance program, Deduction for student loan interest, Deduction for tuition and fees, and Deduction for domestic production activities. Online tax preparation Lifetime learning credit. Online tax preparation Same as American opportunity credit in this category. Online tax preparation Student loan interest deduction. Online tax preparation Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any student loan interest deduction, tuition and fees deduction, or 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. Online tax preparation Tuition and fees deduction. Online tax preparation Adjusted gross income (AGI) as figured on the federal income tax return without taking into account any tuition and fees deduction, or 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. Online tax preparation Phaseout:   The amount of credit or deduction allowed is reduced when modified adjusted gross income (MAGI) is greater than a specified amount of income. Online tax preparation Qualified education expenses:   See pertinent chapter for specific items. Online tax preparation    American opportunity credit. Online tax preparation Tuition and certain related expenses (including student activity fees) required for enrollment or attendance at an eligible educational institution. Online tax preparation Books, supplies, and equipment needed for a course of study are included even if not purchased from the educational institution. Online tax preparation Does not include expenses for room and board. Online tax preparation Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program. Online tax preparation Coverdell education savings account (ESA). Online tax preparation Expenses related to or required for enrollment or attendance of the designated beneficiary at an eligible elementary, secondary, or postsecondary school. Online tax preparation Many specialized expenses included for K–12. Online tax preparation Also includes expenses for special needs services and contribution to qualified tuition program (QTP). Online tax preparation Education savings bond program. Online tax preparation Tuition and fees required to enroll at or attend an eligible educational institution. Online tax preparation Also includes contributions to a qualified tuition program (QTP) or Coverdell education savings account (ESA). Online tax preparation Does not include expenses for room and board. Online tax preparation Does not include expenses for courses involving sports, games, or hobbies that are not part of a degree or certificate granting program. Online tax preparation IRA, early distributions from. Online tax preparation Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Online tax preparation Also includes expenses for special needs services incurred by or for special needs students in connection with their enrollment or attendance. Online tax preparation Lifetime learning credit. Online tax preparation Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Online tax preparation Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Online tax preparation Does not include expenses for room and board. Online tax preparation Does not include expenses for courses involving sports, games, or hobbies (including noncredit courses) that are not part of the student's postsecondary degree program, unless taken by the student to acquire or improve job skills. Online tax preparation Qualified tuition program (QTP). Online tax preparation Tuition, fees, books, supplies, and equipment required for enrollment or attendance at an eligible educational institution, plus certain limited costs of room and board for students who are enrolled at least half-time. Online tax preparation Includes expenses for special needs services and computer access. Online tax preparation Scholarships and fellowships. Online tax preparation Expenses for tuition and fees required to enroll at or attend an eligible educational institution, and course-related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution. Online tax preparation Course-related items must be required of all students in the course of instruction. Online tax preparation Student loan interest deduction. Online tax preparation Total costs of attending an eligible educational institution, including graduate school (however, limitations may apply to the cost of room and board allowed). Online tax preparation Tuition and fees deduction. Online tax preparation Tuition and certain related expenses required for enrollment or attendance at an eligible educational institution. Online tax preparation Student-activity fees and expenses for course-related books, supplies, and equipment are included only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. Online tax preparation Recapture:   To include as income on your current year's return an amount allowed as a deduction in a prior year. Online tax preparation To include as tax on your current year's return an amount allowed as a credit in a prior year. Online tax preparation Rollover:   A tax-free distribution to you of cash or other assets from a tax-favored plan that you contribute to another tax-favored plan. Online tax preparation Transfer:   A movement of funds in a tax-favored plan from one trustee directly to another, either at your request or at the trustee's request. Online tax preparation Prev  Up  Next   Home   More Online Publications