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State Tax Slabs

Turbotax ComNon Resident State Tax ReturnIrs Gov Freefile Extension2007 Tax Return FormsForm 1040ez 2011Free Irs ExtensionFiling Form 1040x ElectronicallyHow To File Tax Extension ElectronicallyTax Form 1040 EzFree Tax Filing For Low IncomeHnr BlockIrs Ez FileFree Turbo Tax 20092010 1040 Tax FormAmend 1040x10402011 Amended Tax Return FormFree State Tax ReturnsFiling State Taxes OnlyAmendment Tax Return FormHow To File Past TaxesFiling 1040 EzFile State Taxes Online For FreeIrs 1040ez 2011 FormTurbotax Amended Return 2013Free State Tax1040nr E File2010 Income Tax Forms 1040ezFile Amended Tax Return FreeH&r Block TaxH&r Block Printable Coupon1040 Ez File1040ez2013Efile Taxes Free1040ez Instruction BookletFree Irs FormsFree State Tax ReturnsH & R Block Online TaxesIncome Tax PreparationDo Military Pay State Taxes

State Tax Slabs

State tax slabs Part Four -   Adjustments to Income The three chapters in this part discuss some of the adjustments to income that you can deduct in figuring your adjusted gross income. State tax slabs These chapters cover: Contributions you make to traditional individual retirement arrangements (IRAs) — chapter 17, Alimony you pay — chapter 18, and Student loan interest you pay — chapter 19. State tax slabs Other adjustments to income are discussed elsewhere. State tax slabs See Table V below. State tax slabs Table V. State tax slabs Other Adjustments to Income  Use this table to find information about other adjustments to income not covered in this part of the publication. State tax slabs IF you are looking for more information about the deduction for. State tax slabs . State tax slabs . State tax slabs THEN see. State tax slabs . State tax slabs . State tax slabs Certain business expenses of reservists, performing artists, and fee-basis officials Chapter 26. State tax slabs Contributions to a health savings account Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. State tax slabs Moving expenses Publication 521, Moving Expenses. State tax slabs Part of your self-employment tax Chapter 22. State tax slabs Self-employed health insurance Chapter 21. State tax slabs Payments to self-employed SEP, SIMPLE, and qualified plans Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). State tax slabs Penalty on the early withdrawal of savings Chapter 7. State tax slabs Contributions to an Archer MSA Publication 969. State tax slabs Reforestation amortization or expense Chapters 7 and 8 of Publication 535, Business Expenses. State tax slabs Contributions to Internal Revenue Code section 501(c)(18)(D) pension plans Publication 525, Taxable and Nontaxable Income. State tax slabs Expenses from the rental of personal property Chapter 12. State tax slabs Certain required repayments of supplemental unemployment benefits (sub-pay) Chapter 12. State tax slabs Foreign housing costs Chapter 4 of Publication 54, Tax Guide for U. State tax slabs S. State tax slabs Citizens and Resident Aliens Abroad. State tax slabs Jury duty pay given to your employer Chapter 12. State tax slabs Contributions by certain chaplains to Internal Revenue Code section 403(b) plans Publication 517, Social Security and Other Information for Members of the Clergy and Religious Workers. State tax slabs Attorney fees and certain costs for actions involving certain unlawful discrimination claims or awards to whistleblowers Publication 525. State tax slabs Domestic production activities deduction Form 8903, Domestic Production Activities Deduction. State tax slabs Table of Contents 17. State tax slabs   Individual Retirement Arrangements (IRAs)What's New Reminders Introduction Useful Items - You may want to see: Traditional IRAsWho Can Open a Traditional IRA? When and How Can a Traditional IRA Be Opened? How Much Can Be Contributed? When Can Contributions Be Made? How Much Can You Deduct? Nondeductible Contributions Inherited IRAs Can You Move Retirement Plan Assets? When Can You Withdraw or Use IRA Assets? When Must You Withdraw IRA Assets? (Required Minimum Distributions) Are Distributions Taxable? What Acts Result in Penalties or Additional Taxes? Roth IRAsWhat Is a Roth IRA? When Can a Roth IRA Be Opened? Can You Contribute to a Roth IRA? Can You Move Amounts Into a Roth IRA? Are Distributions Taxable? 18. State tax slabs   AlimonyIntroductionSpouse or former spouse. State tax slabs Divorce or separation instrument. State tax slabs Useful Items - You may want to see: General RulesMortgage payments. State tax slabs Taxes and insurance. State tax slabs Other payments to a third party. State tax slabs Instruments Executed After 1984Payments to a third party. State tax slabs Exception. State tax slabs Substitute payments. State tax slabs Specifically designated as child support. State tax slabs Contingency relating to your child. State tax slabs Clearly associated with a contingency. State tax slabs How To Deduct Alimony Paid How To Report Alimony Received Recapture Rule 19. State tax slabs   Education- Related AdjustmentsIntroduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Hurricane Sandy in New York

Updated 2/4/13 The IRS announced additional tax relief, further extending certain tax deadlines until April 1 for Nassau, Queens, Richmond and Suffolk counties. 

Updated 11/13/12 to add Orange, Putnam, Sullivan and Ulster counties.

NY-2012-47, Nov. 7, 2012

NEW YORK — Victims of Hurricane Sandy that began on Oct. 27, 2012 in parts of New York may qualify for tax relief from the Internal Revenue Service.

The President has declared Bronx, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Sullivan, Suffolk, Ulster and Westchester counties a federal disaster area. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Oct. 27, and on or before Feb. 1, have been postponed to Feb. 1, 2013.  

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Oct. 27, and on or before Nov. 26, as long as the deposits are made by Nov. 26, 2012.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area need to call the IRS disaster hotline at 866-562-5227 to request this tax relief.

For a full description of the relief being provided by the IRS to the victims of Hurricane Sandy, visit IRS.gov.

Covered Disaster Area

The counties above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Feb. 1 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Oct. 27 and on or before Feb. 1.

The IRS also gives affected taxpayers until Feb. 1 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Oct. 27 and on or before Feb. 1.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Oct. 27 and on or before Nov. 26 provided the taxpayer makes these deposits by Nov. 26.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “New York/Hurricane Sandy” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from the official IRS website, irs.gov, or order them by calling 800-TAX-FORM (800-829-3676). The IRS toll-free number for general tax questions is 800-829-1040.

Related Information

Disaster Assistance and Emergency Relief for Individuals and Businesses

Recent IRS Disaster Relief Announcements

 

Page Last Reviewed or Updated: 28-Oct-2013

The State Tax Slabs

State tax slabs 19. State tax slabs   Education- Related Adjustments Table of Contents Introduction Useful Items - You may want to see: Student Loan Interest DeductionStudent Loan Interest Defined Can You Claim the Deduction How Much Can You Deduct How Do You Figure the Deduction Tuition and Fees DeductionCan You Claim the Deduction What Expenses Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses How Much Can You Deduct Educator Expenses Introduction This chapter discusses the education-related adjustment you can deduct in figuring your adjusted gross income. State tax slabs This chapter covers the student loan interest deduction, tuition and fees deduction, and the deduction for educator expenses. State tax slabs Useful Items - You may want to see: Publication 970 Tax Benefits for Education Student Loan Interest Deduction Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. State tax slabs However, if your modified adjusted gross income (MAGI) is less than $75,000 ($155,000 if filing a joint return) there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. State tax slabs For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. State tax slabs This deduction can reduce the amount of your income subject to tax by up to $2,500 in 2013. State tax slabs Table 19-1 summarizes the features of the student loan interest deduction. State tax slabs Table 19-1. State tax slabs Student Loan Interest Deduction at a Glance Do not rely on this table alone. State tax slabs Refer to the text for more details. State tax slabs Feature Description Maximum benefit You can reduce your income subject to tax by up to $2,500. State tax slabs Loan qualifications Your student loan: •  must have been taken out solely to pay qualified education expenses, and   • cannot be from a related person or made under a qualified employer plan. State tax slabs Student qualifications The student must be: • you, your spouse, or your dependent, and   • enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential at an eligible educational institution. State tax slabs Time limit on deduction You can deduct interest paid during the remaining period of your student loan. State tax slabs Phaseout The amount of your deduction depends on your income level. State tax slabs Student Loan Interest Defined Student loan interest is interest you paid during the year on a qualified student loan. State tax slabs It includes both required and voluntary interest payments. State tax slabs Qualified Student Loan This is a loan you took out solely to pay qualified education expenses (defined later) that were: For you, your spouse, or a person who was your dependent (defined in chapter 3) when you took out the loan, Paid or incurred within a reasonable period of time before or after you took out the loan, and For education provided during an academic period when the student is an eligible student. State tax slabs Loans from the following sources are not qualified student loans. State tax slabs A related person. State tax slabs A qualified employer plan. State tax slabs Exceptions. State tax slabs   For purposes of the student loan interest deduction, the following are exceptions to the general rules for dependents. State tax slabs An individual can be your dependent even if you are the dependent of another taxpayer. State tax slabs An individual can be your dependent even if the individual files a joint return with a spouse. State tax slabs An individual can be your dependent even if the individual had gross income for the year that was equal to or more than the exemption amount for the year ($3,900 for 2013). State tax slabs    Reasonable period of time. State tax slabs   Qualified education expenses are treated as paid or incurred within a reasonable period of time before or after you take out the loan if they are paid with the proceeds of student loans that are part of a federal postsecondary education loan program. State tax slabs   Even if not paid with the proceeds of that type of loan, the expenses are treated as paid or incurred within a reasonable period of time if both of the following requirements are met. State tax slabs The expenses relate to a specific academic period. State tax slabs The loan proceeds are disbursed within a period that begins 90 days before the start of that academic period and ends 90 days after the end of that academic period. State tax slabs   If neither of the above situations applies, the reasonable period of time is determined based on all the relevant facts and circumstances. State tax slabs Academic period. State tax slabs   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. State tax slabs 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. State tax slabs Eligible student. State tax slabs   This is a student who was enrolled at least half-time in a program leading to a degree, certificate, or other recognized educational credential. State tax slabs Enrolled at least half-time. State tax slabs   A student was enrolled at least half-time if the student was taking at least half the normal full-time work load for his or her course of study. State tax slabs   The standard for what is half of the normal full-time work load is determined by each eligible educational institution. State tax slabs However, the standard may not be lower than any of those established by the U. State tax slabs S. State tax slabs Department of Education under the Higher Education Act of 1965. State tax slabs Related person. State tax slabs   You cannot deduct interest on a loan you get from a related person. State tax slabs Related persons include: Your spouse, Your brothers and sisters, Your half brothers and half sisters, Your ancestors (parents, grandparents, etc. State tax slabs ), Your lineal descendants (children, grandchildren, etc. State tax slabs ), and Certain corporations, partnerships, trusts, and exempt organizations. State tax slabs Qualified employer plan. State tax slabs   You cannot deduct interest on a loan made under a qualified employer plan or under a contract purchased under such a plan. State tax slabs Qualified Education Expenses For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. State tax slabs They include amounts paid for the following items. State tax slabs Tuition and fees. State tax slabs Room and board. State tax slabs Books, supplies, and equipment. State tax slabs Other necessary expenses (such as transportation). State tax slabs The cost of room and board qualifies only to the extent that it is not more than: The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or If greater, the actual amount charged if the student is residing in housing owned or operated by the eligible educational institution. State tax slabs Eligible educational institution. State tax slabs   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. State tax slabs S. State tax slabs Department of Education. State tax slabs It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. State tax slabs   Certain educational institutions located outside the United States also participate in the U. State tax slabs S. State tax slabs Department of Education's Federal Student Aid (FSA) programs. State tax slabs   For purposes of the student loan interest deduction, an eligible educational institution also includes an institution conducting 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. State tax slabs   An educational institution must meet the above criteria only during the academic period(s) for which the student loan was incurred. State tax slabs The deductibility of interest on the loan is not affected by the institution's subsequent loss of eligibility. State tax slabs    The educational institution should be able to tell you if it is an eligible educational institution. State tax slabs Adjustments to qualified education expenses. State tax slabs   You must reduce your qualified education expenses by certain tax-free items (such as the tax-free part of scholarships and fellowships). State tax slabs See chapter 4 of Publication 970 for details. State tax slabs Include as Interest In addition to simple interest on the loan, certain loan origination fees, capitalized interest, interest on revolving lines of credit, and interest on refinanced student loans can be student loan interest if all other requirements are met. State tax slabs Loan origination fee. State tax slabs   In general, this is a one-time fee charged by the lender when a loan is made. State tax slabs To be deductible as interest, the fee must be for the use of money rather than for property or services (such as commitment fees or processing costs) provided by the lender. State tax slabs A loan origination fee treated as interest accrues over the life of the loan. State tax slabs Capitalized interest. State tax slabs    This is unpaid interest on a student loan that is added by the lender to the outstanding principal balance of the loan. State tax slabs Interest on revolving lines of credit. State tax slabs   This interest, which includes interest on credit card debt, is student loan interest if the borrower uses the line of credit (credit card) only to pay qualified education expenses. State tax slabs See Qualified Education Expenses , earlier. State tax slabs Interest on refinanced student loans. State tax slabs   This includes interest on both: Consolidated loans—loans used to refinance more than one student loan of the same borrower, and Collapsed loans—two or more loans of the same borrower that are treated by both the lender and the borrower as one loan. State tax slabs If you refinance a qualified student loan for more than your original loan and you use the additional amount for any purpose other than qualified education expenses, you cannot deduct any interest paid on the refinanced loan. State tax slabs Voluntary interest payments. State tax slabs   These are payments made on a qualified student loan during a period when interest payments are not required, such as when the borrower has been granted a deferment or the loan has not yet entered repayment status. State tax slabs Do Not Include as Interest You cannot claim a student loan interest deduction for any of the following items. State tax slabs Interest you paid on a loan if, under the terms of the loan, you are not legally obligated to make interest payments. State tax slabs Loan origination fees that are payments for property or services provided by the lender, such as commitment fees or processing costs. State tax slabs Interest you paid on a loan to the extent payments were made through your participation in the National Health Service Corps Loan Repayment Program (the “NHSC Loan Repayment Program”) or certain other loan repayment assistance programs. State tax slabs For more information, see Student Loan Repayment Assistance in chapter 5 of Publication 970. State tax slabs Can You Claim the Deduction Generally, you can claim the deduction if all of the following requirements are met. State tax slabs Your filing status is any filing status except married filing separately. State tax slabs No one else is claiming an exemption for you on his or her tax return. State tax slabs You are legally obligated to pay interest on a qualified student loan. State tax slabs You paid interest on a qualified student loan. State tax slabs Interest paid by others. State tax slabs   If you are the person legally obligated to make interest payments and someone else makes a payment of interest on your behalf, you are treated as receiving the payments from the other person and, in turn, paying the interest. State tax slabs See chapter 4 of Publication 970 for more information. State tax slabs No Double Benefit Allowed You cannot deduct as interest on a student loan any amount that is an allowable deduction under any other provision of the tax law (for example, home mortgage interest). State tax slabs How Much Can You Deduct Your student loan interest deduction for 2013 is generally the smaller of: $2,500, or The interest you paid in 2013. State tax slabs However, the amount determined above is phased out (gradually reduced) if your MAGI is between $60,000 and $75,000 ($125,000 and $155,000 if you file a joint return). State tax slabs You cannot take a student loan interest deduction if your MAGI is $75,000 or more ($155,000 or more if you file a joint return). State tax slabs For details on figuring your MAGI, see chapter 4 of Publication 970. State tax slabs How Do You Figure the Deduction Generally, you figure the deduction using the Student Loan Interest Deduction Worksheet in the Form 1040 or Form 1040A instructions. State tax slabs However, if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico, you must complete Worksheet 4-1 in chapter 4 of Publication 970. State tax slabs To help you figure your student loan interest deduction, you should receive Form 1098-E, Student Loan Interest Statement. State tax slabs Generally, an institution (such as a bank or governmental agency) that received interest payments of $600 or more during 2013 on one or more qualified student loans must send Form 1098-E (or acceptable substitute) to each borrower by January 31, 2014. State tax slabs For qualified student loans taken out before September 1, 2004, the institution is required to include on Form 1098-E only payments of stated interest. State tax slabs Other interest payments, such as certain loan origination fees and capitalized interest, may not appear on the form you receive. State tax slabs However, if you pay qualifying interest that is not included on Form 1098-E, you can also deduct those amounts. State tax slabs For information on allocating payments between interest and principal, see chapter 4 of Publication 970. State tax slabs To claim the deduction, enter the allowable amount on Form 1040, line 33, or Form 1040A, line 18. State tax slabs Tuition and Fees Deduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). State tax slabs 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. State tax slabs The qualified expenses must be for higher education, as explained later under What Expenses Qualify . State tax slabs The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. State tax slabs Table 19-2 summarizes the features of the tuition and fees deduction. State tax slabs You may be able to take a credit for your education expenses instead of a deduction. State tax slabs You can choose the one that will give you the lower tax. State tax slabs See chapter 35, Education Credits, for details about the credits. State tax slabs Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. State tax slabs Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. State tax slabs You paid qualified education expenses of higher education in 2013 for academic periods beginning in 2013 and those beginning in the first three months of 2014. State tax slabs You paid the education expenses for an eligible student. State tax slabs The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption (defined in chapter 3) on your tax return. State tax slabs Qualified education expenses are defined under What Expenses Qualify . State tax slabs Eligible students are defined later under Who Is an Eligible Student . State tax slabs Who Cannot Claim the Deduction You cannot claim the tuition and fees deduction if any of the following apply. State tax slabs Your filing status is married filing separately. State tax slabs Another person can claim an exemption for you as a dependent on his or her tax return. State tax slabs You cannot take the deduction even if the other person does not actually claim that exemption. State tax slabs Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return). State tax slabs 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. State tax slabs More information on nonresident aliens can be found in Publication 519, U. State tax slabs S. State tax slabs Tax Guide for Aliens. State tax slabs You or anyone else claims an American opportunity or lifetime learning credit in 2013 with respect to expenses of the student for whom the qualified education expenses were paid. State tax slabs However, a state tax credit will not disqualify you from claiming a tuition and fees deduction. State tax slabs Table 19-2. State tax slabs Tuition and Fees Deduction at a Glance Do not rely on this table alone. State tax slabs Refer to the text for more details. State tax slabs Question   Answer What is the maximum benefit?   You can reduce your income subject to tax by up to $4,000. State tax slabs Where is the deduction taken?   As an adjustment to income on Form 1040, line 34, or Form 1040A, line 19. State tax slabs 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. State tax slabs 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. State tax slabs 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. State tax slabs 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 (defined earlier under Student Loan Interest Deduction ) beginning in 2013 or in the first 3 months of 2014. State tax slabs Payments with borrowed funds. State tax slabs   You can claim a tuition and fees deduction for qualified education expenses paid with the proceeds of a loan. State tax slabs 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. State tax slabs Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. State tax slabs Student withdraws from class(es). State tax slabs   You can claim a tuition and fees deduction for qualified education expenses not refunded when a student withdraws. State tax slabs 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. State tax slabs Eligible educational institution. State tax slabs   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. State tax slabs S. State tax slabs Department of Education. State tax slabs It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. State tax slabs The educational institution should be able to tell you if it is an eligible educational institution. State tax slabs   Certain educational institutions located outside the United States also participate in the U. State tax slabs S. State tax slabs Department of Education's Federal Student Aid (FSA) programs. State tax slabs Academic period. State tax slabs    An academic period is any quarter, semester, trimester, or any other period of study as reasonably determined by an eligible educational institution. State tax slabs If an eligible educational institution uses credit hours and does not have academic terms, each payment period may be treated as an academic period. State tax slabs Related expenses. State tax slabs   Student-activity fees and expenses for course-related books, supplies, and equipment are included in qualified education expenses for the tuition and fees deduction only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance. State tax slabs Prepaid expenses. State tax slabs   Qualified education expenses paid in 2013 for an academic period that begins in the first three months of 2014 can be used in figuring the tuition and fees deduction. State tax slabs See Academic period, earlier. State tax slabs 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 the tuition and fees deduction for 2013 only if you meet all the other requirements. State tax slabs    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 tuition and fees deduction. State tax slabs No Double Benefit Allowed You cannot do any of the following. State tax slabs Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. State tax slabs 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. State tax slabs 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). State tax slabs 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. State tax slabs See Figuring the Taxable Portion of a Distribution in chapter 7 (Coverdell ESA) and chapter 8 (QTP) of Publication 970. State tax slabs Deduct qualified education expenses that have been paid with tax-free interest on U. State tax slabs S. State tax slabs savings bonds (Form 8815). State tax slabs See Figuring the Tax-Free Amount in chapter 10 of Publication 970. State tax slabs Deduct qualified education expenses that have been paid with tax-free educational assistance such as a scholarship, grant, or employer-provided educational assistance. State tax slabs See Adjustments to qualified education expenses, later. State tax slabs Adjustments to qualified education expenses. State tax slabs   For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. State tax slabs The result is the amount of adjusted qualified education expenses for each student. State tax slabs Tax-free educational assistance. State tax slabs   For tax-free educational assistance you received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance to that academic period. State tax slabs See Academic period, earlier. State tax slabs   This includes: The tax-free part of scholarships and fellowships, including Pell grants (see chapter 1 of Publication 970), The tax-free part of any employer-provided educational assistance (see chapter 11 of Publication 970), Veterans' educational assistance (see chapter 1 of Publication 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. State tax slabs Generally, any scholarship or fellowship you receive is treated as tax-free educational assistance. State tax slabs However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent you include it in gross income (if you are 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. State tax slabs 970, chapter 1. State tax slabs 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. State tax slabs 970, chapter 1. State tax slabs You may be able to increase the combined value of your tuition and fees deduction and certain educational assistance if you include some or all of the educational assistance in income in the year it is received. State tax slabs For details, see Adjustments to Qualified Education Expenses in chapter 6 of Pub. State tax slabs 970. State tax slabs Some tax-free educational assistance received in 2013 may be treated as a refund of qualified education expenses paid in 2013. State tax slabs 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). State tax slabs 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. State tax slabs 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. State tax slabs Refunds. State tax slabs   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or may require you to include some or all of the refund in your gross income for the year the refund is received. State tax slabs See chapter 6 of Pub. State tax slabs 970 for more information. State tax slabs Some tax-free educational assistance received after 2013 may be treated as a refund. State tax slabs See Tax-free educational assistance, earlier. State tax slabs Refunds received in 2013. State tax slabs    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. State tax slabs Refunds received after 2013 but before your income tax return is filed. State tax slabs   If you receive a refund after 2013 of qualified education expenses you paid 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. State tax slabs Refunds received after 2013 and after your income tax return is filed. State tax slabs   If you receive a refund after 2013 of qualified education expenses you paid in 2013 and the refund is received after you file your 2013 income tax return, you may need to include some or all of the refund in your gross income for the year the refund is received. State tax slabs See chapter 6 of Pub. State tax slabs 970 for more information. State tax slabs Coordination with Coverdell education savings accounts and qualified tuition programs. State tax slabs    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). State tax slabs 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. State tax slabs Amounts that do not reduce qualified education expenses. State tax slabs   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. State tax slabs   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. State tax slabs 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. State tax slabs The use of the money is not restricted. State tax slabs 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. State tax slabs This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. State tax slabs Sports, games, hobbies, and noncredit courses. State tax slabs   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. State tax slabs However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. State tax slabs Comprehensive or bundled fees. State tax slabs   Some eligible educational institutions combine all of their fees for an academic period into one amount. State tax slabs 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. State tax slabs 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, Tuition Statement. State tax slabs See How Do You Figure the Deduction , later, for more information about Form 1098-T. State tax slabs 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 (defined earlier). State tax slabs 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. State tax slabs Table 19-3 summarizes who can claim the deduction. State tax slabs How Much Can You Deduct The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. State tax slabs For details on figuring your MAGI, see chapter 6 of Publication 970. State tax slabs How Do You Figure the Deduction Figure the deduction using Form 8917. State tax slabs To help you figure your tuition and fees deduction, you should receive Form 1098-T, Tuition Statement. State tax slabs 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. State tax slabs To claim the deduction, enter the allowable amount on Form 1040, line 34, or Form 1040A, line 19, and attach your completed Form 8917. State tax slabs Table 19-3. State tax slabs Who Can Claim a Dependent's Expenses Do not rely on this table alone. State tax slabs See Who Can Claim a Dependent's Expenses in chapter 6 of Publication 970. State tax slabs IF your dependent is an eligible student and you. State tax slabs . State tax slabs . State tax slabs AND. State tax slabs . State tax slabs . State tax slabs THEN. State tax slabs . State tax slabs . State tax slabs 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. State tax slabs Your dependent cannot take a deduction. State tax slabs claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. State tax slabs do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. State tax slabs do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. State tax slabs Educator Expenses If you were an eligible educator in 2013, you can deduct on Form 1040, line 23, or Form 1040A, line 16, up to $250 of qualified expenses you paid in 2013. State tax slabs If you and your spouse are filing jointly and both of you were eligible educators, the maximum deduction is $500. State tax slabs However, neither spouse can deduct more than $250 of his or her qualified expenses on Form 1040, line 23, or Form 1040A, line 16. State tax slabs You may be able to deduct expenses that are more than the $250 (or $500) limit on Schedule A (Form 1040), line 21. State tax slabs Eligible educator. State tax slabs   An eligible educator is a kindergarten through grade 12 teacher, instructor, counselor, principal, or aide who worked in a school for at least 900 hours during a school year. State tax slabs Qualified expenses. State tax slabs   Qualified expenses include ordinary and necessary expenses paid in connection with books, supplies, equipment (including computer equipment, software, and services), and other materials used in the classroom. State tax slabs An ordinary expense is one that is common and accepted in your educational field. State tax slabs A necessary expense is one that is helpful and appropriate for your profession as an educator. State tax slabs An expense does not have to be required to be considered necessary. State tax slabs   Qualified expenses do not include expenses for home schooling or for nonathletic supplies for courses in health or physical education. State tax slabs   You must reduce your qualified expenses by the following amounts. State tax slabs Excludable U. State tax slabs S. State tax slabs series EE and I savings bond interest from Form 8815. State tax slabs See Figuring the Tax-Free Amount in chapter 10 of Publication 970. State tax slabs Nontaxable qualified tuition program earnings or distributions. State tax slabs See Figuring the Taxable Portion of a Distribution in chapter 8 of Publication 970. State tax slabs Nontaxable distribution of earnings from a Coverdell education savings account. State tax slabs See Figuring the Taxable Portion of a Distribution in chapter 7 of Publication 970. State tax slabs Any reimbursements you received for these expenses that were not reported to you in box 1 of your Form W-2. 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