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SOI Tax Stats - Split-Interest Trust Statistics

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Split Interest Trust Data OneSheet (PDF) 
The OneSheet presents a project description, highlights of the data, and selected figures.

Split-interest trusts make distributions to both charitable and noncharitable beneficiaries, while providing tax benefits to their donor. All split-interest trusts must annually file Form 5227, Split-Interest Trust Information Return, to report financial activity and determine if they should be treated as a private foundation. Based on the method and timing of distributions, split-interest trusts are divided into the following four categories:

  • Charitable remainder annuity trusts—distribute income in a series of fixed payments to one or more noncharitable beneficiaries for a defined period of time, after which the remaining value of the trust is transferred to a charitable beneficiary.
  • Charitable remainder unitrusts—distribute a percentage of the fair market value to one or more noncharitable beneficiaries for a defined period of time, after which remaining value of the trust is transferred to a charitable beneficiary.
  • Charitable lead trusts—distribute a sequence of payments to a charitable beneficiary for a period of time, after which the remaining trust assets are transferred to a noncharitable beneficiary.
  • Pooled income funds—allow donors to donate assets to a charity. The pooled assets are invested as a group and each donor receives income based on the ratio of his or her contribution to the total value of the investment pool. After the death of the donor, his or her prorated share of the investment pool is withdrawn and given to the charitable organization.

For information about selected terms and concepts, a description of the data sources and limitations, and links to recent revisions of Form 5227, please visit Split Interest Trust Study Metadata.


Statistical Tables

The following tables are available as Microsoft Excel® files. A free Excel viewer is available for download, if needed.

Charitable Remainder Annuity Trusts:

Charitable Remainder Unitrusts:

Charitable Lead Trusts:

Pooled Income Funds:


Projections
For selected tax returns, including the Form 5227, IRS's Office of Research produces annual forecasts of the number of returns that will be filed in future years.     
      Projections of Returns to be Filed in Future Calendar Years


Publications and Papers

The following are available as PDF files.  A free Adobe® reader is available for download, if needed.


Other SOI Data on Trusts

Certain nonexempt charitable trusts are also annually required to file Form 990-PF, Return of Private Foundation (or Section 4947(a)(1) Charitable Trust Treated as a Private Foundation).  Form 1041 is the income tax return filed by to report income, distributions, and tax liability of estates and trusts.


Other IRS Data and Related Links

For tax administration data on this topic, as well as other types of taxes, choose from the links below.

Return to Tax Stats home page

Page Last Reviewed or Updated: 27-Mar-2014

The Turbotax 2010 Download

Turbotax 2010 download 6. Turbotax 2010 download   Tuition and Fees Deduction Table of Contents IntroductionWhat is the tax benefit of the tuition and fees deduction. Turbotax 2010 download Can You Claim the DeductionWho Can Claim the Deduction Who Cannot Claim the Deduction What Expenses QualifyQualified Education Expenses No Double Benefit Allowed Expenses That Do Not Qualify Who Is an Eligible Student Who Can Claim a Dependent's Expenses Figuring the DeductionEffect of the Amount of Your Income on the Amount of Your Deduction Claiming the Deduction Illustrated Example Introduction You may be able to deduct qualified education expenses paid during the year for yourself, your spouse, or your dependent(s). Turbotax 2010 download 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. Turbotax 2010 download The qualified expenses must be for higher education, as explained later under Qualified Education Expenses . Turbotax 2010 download What is the tax benefit of the tuition and fees deduction. Turbotax 2010 download   The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. Turbotax 2010 download   This deduction is taken as an adjustment to income. Turbotax 2010 download This means you can claim this deduction even if you do not itemize deductions on Schedule A (Form 1040). Turbotax 2010 download This deduction may be beneficial to you if you do not qualify for the American opportunity or lifetime learning credits. Turbotax 2010 download You can choose the education benefit that will give you the lowest tax. Turbotax 2010 download You may want to compare the tuition and fees deduction to the education credits. Turbotax 2010 download See chapter 2, American Opportunity Credit and chapter 3, Lifetime Learning Credit for more information on the education credits. Turbotax 2010 download Table 6-1. Turbotax 2010 download Tuition and Fees Deduction at a Glance summarizes the features of the tuition and fees deduction. Turbotax 2010 download Can You Claim the Deduction The following rules will help you determine if you can claim the tuition and fees deduction. Turbotax 2010 download Who Can Claim the Deduction Generally, you can claim the tuition and fees deduction if all three of the following requirements are met. Turbotax 2010 download You pay qualified education expenses of higher education. Turbotax 2010 download You pay the education expenses for an eligible student. Turbotax 2010 download The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption on your tax return. Turbotax 2010 download The term “qualified education expenses” is defined later under Qualified Education Expenses . Turbotax 2010 download “Eligible student” is defined later under Who Is an Eligible Student . Turbotax 2010 download For more information on claiming the deduction for a dependent, see Who Can Claim a Dependent's Expenses , later. Turbotax 2010 download Table 6-1. Turbotax 2010 download Tuition and Fees Deduction at a Glance Do not rely on this table alone. Turbotax 2010 download Refer to the text for complete details. Turbotax 2010 download Question Answer What is the maximum benefit? You can reduce your income subject to tax by up to $4,000. Turbotax 2010 download What is the limit on modified adjusted gross income (MAGI)? $160,000 if married filing a joint return; $80,000 if single, head of household, or qualifying widow(er). Turbotax 2010 download Where is the deduction taken? As an adjustment to income on  Form 1040 or Form 1040A. 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Turbotax 2010 download No Double Benefit Allowed You cannot do any of the following. Turbotax 2010 download Deduct qualified education expenses you deduct under any other provision of the law, for example, as a business expense. Turbotax 2010 download 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. Turbotax 2010 download 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). Turbotax 2010 download 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. Turbotax 2010 download See Coordination With Tuition and Fees Deduction in chapter 8, Qualified Tuition Program, later. Turbotax 2010 download Deduct qualified education expenses that have been paid with tax-free interest on U. Turbotax 2010 download S. Turbotax 2010 download savings bonds (Form 8815). Turbotax 2010 download See Figuring the Tax-Free Amount in chapter 10, Education Savings Bond Program, later. Turbotax 2010 download Deduct qualified education expenses that have been paid with tax-free educational assistance, such as a scholarship, grant, or assistance provided by an employer. Turbotax 2010 download See the following section on Adjustments to Qualified Education Expenses. Turbotax 2010 download Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid by or on behalf of that student under the following rules. Turbotax 2010 download The result is the amount of adjusted qualified education expenses for each student. Turbotax 2010 download You must also reduce qualified education expenses by the other amounts referred to in No Double Benefit Allowed , earlier. Turbotax 2010 download Tax-free educational assistance. Turbotax 2010 download   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. Turbotax 2010 download See Academic period , earlier. Turbotax 2010 download   Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Turbotax 2010 download 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). Turbotax 2010 download   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. Turbotax 2010 download 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. Turbotax 2010 download   This tax-free education assistance includes: The tax-free part of scholarships and fellowships (see Tax-Free Scholarships and Fellowships in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Pell grants (see Pell Grants and Other Title IV Need-Based Education Grants in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), Employer-provided educational assistance (see chapter 11, Employer-Provided Educational Assistance ), Veterans' educational assistance (see Veterans' Benefits in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Turbotax 2010 download Generally, any scholarship or fellowship is treated as tax free. Turbotax 2010 download However, a scholarship or fellowship is not treated as tax free to the extent the student includes it in gross income (if the student is required to file a tax return for the year the scholarship or fellowship is received) and either of the following is true. Turbotax 2010 download The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Turbotax 2010 download The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Turbotax 2010 download You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year it is received. Turbotax 2010 download For details, see Adjustments to Qualified Education Expenses in chapters 2 and 3. Turbotax 2010 download Refunds. Turbotax 2010 download   A refund of qualified education expenses may reduce adjusted qualified education expenses for the tax year or require repayment (recapture) of a credit claimed in an earlier year. Turbotax 2010 download Some tax-free educational assistance received after 2013 may be treated as a refund. Turbotax 2010 download See Tax-free educational assistance , earlier. Turbotax 2010 download Refunds received in 2013. Turbotax 2010 download   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses for 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Turbotax 2010 download Refunds received after 2013 but before your income tax return is filed. Turbotax 2010 download   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid before you file an income tax return for 2013, the amount of qualified education expenses for 2013 is reduced by the amount of the refund. Turbotax 2010 download Refunds received after 2013 and after your income tax return is filed. Turbotax 2010 download   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is paid after you file an income tax return for 2013, you may need to repay some or all of the credit. Turbotax 2010 download See Credit recapture , later. Turbotax 2010 download Coordination with Coverdell education savings accounts and qualified tuition programs. Turbotax 2010 download   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). Turbotax 2010 download 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. Turbotax 2010 download Credit recapture. Turbotax 2010 download    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. Turbotax 2010 download You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing that amount by the amount of the refund or tax-free educational assistance. Turbotax 2010 download 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). Turbotax 2010 download Include that amount as an additional tax for the year the refund or tax-free assistance was received. Turbotax 2010 download Example. Turbotax 2010 download   You paid $3,500 of qualified education expenses in December 2013, and your child began college in January 2014. Turbotax 2010 download You claimed $3,500 as the tuition and fees deduction on your 2013 income tax return. Turbotax 2010 download The reduction reduced your taxable income by $3,500. Turbotax 2010 download Also, you claimed no tax credits in 2013. Turbotax 2010 download Your child withdrew from two classes and you received a refund of $2,000 in 2014 after you filed your 2013 tax return. Turbotax 2010 download Refigure your 2013 tuition and fees deduction using $1,500 of qualified education expense instead of the $3,500. Turbotax 2010 download The refigured tuition and fees deduction is $1,500. Turbotax 2010 download Do not file an amended 2013 tax return to account for this adjustment. Turbotax 2010 download Instead, include the difference of $2,000 (but only to the extent this difference would have increased your 2013 tax) on the “Other income” line of your 2014 Form 1040. Turbotax 2010 download You cannot file Form 1040A for 2014. Turbotax 2010 download Amounts that do not reduce qualified education expenses. Turbotax 2010 download   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. Turbotax 2010 download   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. Turbotax 2010 download The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses as defined in Qualified education expenses in chapter 1, Scholarships, Fellowships, Grants, and Tuition Restrictions. Turbotax 2010 download The use of the money is not restricted. Turbotax 2010 download Example 1. Turbotax 2010 download In 2013, Jackie paid $3,000 for tuition and $5,000 for room and board at University X. Turbotax 2010 download The university did not require her to pay any fees in addition to her tuition in order to enroll in or attend classes. Turbotax 2010 download To help pay these costs, she was awarded a $2,000 scholarship and a $4,000 student loan. Turbotax 2010 download The terms of the scholarship state that it can be used to pay any of Jackie's college expenses. Turbotax 2010 download University X applies the $2,000 scholarship against Jackie's $8,000 total bill, and Jackie pays the $6,000 balance of her bill from University X with a combination of her student loan and her savings. Turbotax 2010 download Jackie does not report any portion of the scholarship as income on her tax return. Turbotax 2010 download In figuring the tuition and fees deduction, Jackie must reduce her qualified education expenses by the amount of the scholarship ($2,000) because she excluded the entire scholarship from her income. Turbotax 2010 download The student loan is not tax-free educational assistance, so she does not need to reduce her qualified expenses by any part of the loan proceeds. Turbotax 2010 download Jackie is treated as having paid $1,000 in qualified education expenses ($3,000 tuition – $2,000 scholarship) in 2013. Turbotax 2010 download Example 2. Turbotax 2010 download The facts are the same as in Example 1, except that Jackie reports her entire scholarship as income on her tax return. Turbotax 2010 download Because Jackie reported the entire $2,000 scholarship in her income, she does not need to reduce her qualified education expenses. Turbotax 2010 download Jackie is treated as having paid $3,000 in qualified education expenses. Turbotax 2010 download 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. Turbotax 2010 download This is true even if the amount must be paid to the institution as a condition of enrollment or attendance. Turbotax 2010 download Sports, games, hobbies, and noncredit courses. Turbotax 2010 download   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. Turbotax 2010 download However, if the course of instruction or other education is part of the student's degree program, these expenses can qualify. Turbotax 2010 download Comprehensive or bundled fees. Turbotax 2010 download   Some eligible educational institutions combine all of their fees for an academic period into one amount. Turbotax 2010 download 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. Turbotax 2010 download 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. Turbotax 2010 download See Figuring the Deduction , later, for more information about Form 1098-T. Turbotax 2010 download Who Is an Eligible Student For purposes of the tuition and fees deduction, an eligible student is a student who is enrolled in one or more courses at an eligible educational institution (as defined under Qualified Education Expenses , earlier). Turbotax 2010 download 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. Turbotax 2010 download For you to be able to deduct qualified education expenses for your dependent, you must claim an exemption for that individual. Turbotax 2010 download You do this by listing your dependent's name and other required information on Form 1040 (or Form 1040A), line 6c. Turbotax 2010 download IF your dependent is an eligible student and you. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download AND. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download THEN. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download 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. Turbotax 2010 download Your dependent cannot take a deduction. Turbotax 2010 download claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Turbotax 2010 download do not claim an exemption for your dependent you paid all qualified education expenses no one is allowed to take a deduction. Turbotax 2010 download do not claim an exemption for your dependent your dependent paid all qualified education expenses no one is allowed to take a deduction. Turbotax 2010 download Expenses paid by dependent. Turbotax 2010 download   If your dependent pays qualified education expenses, no one can take a tuition and fees deduction for those expenses. Turbotax 2010 download Neither you nor your dependent can deduct the expenses. Turbotax 2010 download For purposes of the tuition and fees deduction, you are not treated as paying any expenses actually paid by a dependent for whom you or anyone other than the dependent can claim an exemption. Turbotax 2010 download This rule applies even if you do not claim an exemption for your dependent on your tax return. Turbotax 2010 download Expenses paid by you. Turbotax 2010 download   If you claim an exemption for a dependent who is an eligible student, only you can include any expenses you paid when figuring your tuition and fees deduction. Turbotax 2010 download Expenses paid under divorce decree. Turbotax 2010 download   Qualified education expenses paid directly to an eligible educational institution for a student under a court-approved divorce decree are treated as paid by the student. Turbotax 2010 download Only the student would be eligible to take a tuition and fees deduction for that payment, and then only if no one else could claim an exemption for the student. Turbotax 2010 download Expenses paid by others. Turbotax 2010 download   Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses. Turbotax 2010 download In this case, the student is treated as receiving the payment from the other person and, in turn, paying the institution. Turbotax 2010 download If you claim, or can claim, an exemption on your tax return for the student, you are not considered to have paid the expenses and you cannot deduct them. Turbotax 2010 download If the student is not a dependent, only the student can deduct payments made directly to the institution for his or her expenses. Turbotax 2010 download If the student is your dependent, no one can deduct the payments. Turbotax 2010 download Example. Turbotax 2010 download In 2013, Ms. Turbotax 2010 download Baker makes a payment directly to an eligible educational institution for her grandson Dan's qualified education expenses. Turbotax 2010 download For purposes of deducting tuition and fees, Dan is treated as receiving the money from his grandmother and, in turn, paying his own qualified education expenses. Turbotax 2010 download If an exemption cannot be claimed for Dan on anyone else's tax return, only Dan can claim a tuition and fees deduction for his grandmother's payment. Turbotax 2010 download If someone else can claim an exemption for Dan, no one will be allowed a deduction for Ms. Turbotax 2010 download Baker's payment. Turbotax 2010 download Tuition reduction. Turbotax 2010 download   When an eligible educational institution provides a reduction in tuition to an employee of the institution (or spouse or dependent child of an employee), the amount of the reduction may or may not be taxable. Turbotax 2010 download If it is taxable, the employee is treated as receiving a payment of that amount and, in turn, paying it to the educational institution on behalf of the student. Turbotax 2010 download For more information on tuition reductions, see Qualified Tuition Reduction , in chapter 1, Scholarships, Fellowships, Grants, and Tuition Reductions. Turbotax 2010 download Figuring the Deduction The maximum tuition and fees deduction in 2013 is $4,000, $2,000, or $0, depending on the amount of your MAGI. Turbotax 2010 download See Effect of the Amount of Your Income on the Amount of Your Deduction , later. Turbotax 2010 download Form 1098-T. Turbotax 2010 download   To help you figure your tuition and fees deduction, the student should receive Form 1098-T (see Appendix A for a completed example of Form 1098-T). Turbotax 2010 download 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. Turbotax 2010 download An institution may choose to report either payments received (box 1), or amounts billed (box 2), for qualified education expenses. Turbotax 2010 download However, the amount in boxes 1 and 2 of Form 1098-T might be different than what you paid. Turbotax 2010 download When figuring the deduction, use only the amounts you paid in 2013 for qualified education expenses. Turbotax 2010 download   In addition, Form 1098-T should give other information for that institution, such as adjustments made for prior years, the amount of scholarships or grants, reimbursements or refunds, and whether the student was enrolled at least half-time or was a graduate student. Turbotax 2010 download    The eligible educational institution may ask for a completed Form W-9S or similar statement to obtain the student's name, address, and taxpayer identification number. Turbotax 2010 download Effect of the Amount of Your Income on the Amount of Your Deduction If your MAGI is not more than $65,000 ($130,000 if you are married filing jointly), your maximum tuition and fees deduction is $4,000. Turbotax 2010 download If your MAGI is larger than $65,000 ($130,000 if you are married filing jointly), but is not more than $80,000 ($160,000 if you are married filing jointly), your maximum deduction is $2,000. Turbotax 2010 download No tuition and fees deduction is allowed if your MAGI is larger than $80,000 ($160,000 if you are married filing jointly). Turbotax 2010 download Modified adjusted gross income (MAGI). Turbotax 2010 download   For most taxpayers, MAGI is adjusted gross income (AGI) as figured on their federal income tax return before subtracting any deduction for tuition and fees. Turbotax 2010 download However, as discussed below, there may be other modifications. Turbotax 2010 download MAGI when using Form 1040A. Turbotax 2010 download   If you file Form 1040A, your MAGI is the AGI on line 22 of that form, figured without taking into account any amount on line 19 (tuition and fees deduction). Turbotax 2010 download MAGI when using Form 1040. Turbotax 2010 download   If you file Form 1040, your MAGI is the AGI on line 38 of that form, figured without taking into account any amount on line 34 (tuition and fees deduction) or line 35 (domestic production activities deduction), and modified by adding back any: Foreign earned income exclusion, Foreign housing exclusion, Foreign housing deduction, Exclusion of income by bona fide residents of American Samoa, and Exclusion of income by bona fide residents of Puerto Rico. Turbotax 2010 download   Table 6-2 shows how the amount of your MAGI can affect your tuition and fees deduction. Turbotax 2010 download   You can use Worksheet 6-1. Turbotax 2010 download MAGI for the Tuition and Fees Deduction , later, to figure your MAGI. Turbotax 2010 download Table 6-2. Turbotax 2010 download Effect of MAGI on Maximum Tuition and Fees Deduction IF your filing status is. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download AND your MAGI is. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download THEN your maximum tuition and fees deduction is. Turbotax 2010 download . Turbotax 2010 download . Turbotax 2010 download single,  head of household, or qualifying widow(er) not more than $65,000 $4,000. Turbotax 2010 download more than $65,000  but not more than $80,000 $2,000. Turbotax 2010 download more than $80,000 $0. Turbotax 2010 download married filing joint return not more than $130,000 $4,000. Turbotax 2010 download more than $130,000 but not more than $160,000 $2,000. Turbotax 2010 download more than $160,000 $0. Turbotax 2010 download Claiming the Deduction You claim a tuition and fees deduction by completing Form 8917 and submitting it with your Form 1040 or Form 1040A. Turbotax 2010 download Enter the deduction on Form 1040, line 34, or Form 1040A, line 19. Turbotax 2010 download A filled-in Form 8917 is shown at the end of this chapter. Turbotax 2010 download Illustrated Example Tim Pfister, a single taxpayer, enrolled full-time at a local college to earn a degree in engineering. Turbotax 2010 download This is the first year of his postsecondary education. Turbotax 2010 download During 2013, he paid $3,600 for his qualified 2013 tuition expense. Turbotax 2010 download Both he and the college meet all of the requirements for the tuition and fees deduction. Turbotax 2010 download Tim's total income (Form 1040, line 22) and MAGI are $26,000. Turbotax 2010 download He figures his deduction of $3,600 as shown on Form 8917, later. Turbotax 2010 download Worksheet 6-1. Turbotax 2010 download MAGI for the Tuition and Fees Deduction Use this worksheet if you are filing Form 2555, 2555-EZ, or 4563, or you are excluding income from sources within Puerto Rico. Turbotax 2010 download Before using this worksheet, you must complete Form 1040, lines 7 through 33, and figure any amount to be entered on the dotted line next to line 36. Turbotax 2010 download 1. Turbotax 2010 download Enter the amount from Form 1040, line 22   1. Turbotax 2010 download         2. Turbotax 2010 download Enter the total from Form 1040, lines 23 through 33   2. Turbotax 2010 download               3. Turbotax 2010 download Enter the total of any amounts entered on the dotted line next to Form 1040, line 36   3. Turbotax 2010 download               4. Turbotax 2010 download Add lines 2 and 3   4. Turbotax 2010 download         5. Turbotax 2010 download Subtract line 4 from line 1   5. Turbotax 2010 download         6. Turbotax 2010 download Enter your foreign earned income exclusion and/or housing  exclusion (Form 2555, line 45, or Form 2555-EZ, line 18)   6. Turbotax 2010 download         7. Turbotax 2010 download Enter your foreign housing deduction (Form 2555, line 50)   7. Turbotax 2010 download         8. Turbotax 2010 download Enter the amount of income from Puerto Rico you are excluding   8. Turbotax 2010 download         9. Turbotax 2010 download Enter the amount of income from American Samoa you are  excluding (Form 4563, line 15)   9. Turbotax 2010 download         10. Turbotax 2010 download Add lines 5 through 9. Turbotax 2010 download This is your modified adjusted gross income   10. Turbotax 2010 download     Note. Turbotax 2010 download If the amount on line 10 is more than $80,000 ($160,000 if married filing jointly),  you cannot take the deduction for tuition and fees. Turbotax 2010 download       This image is too large to be displayed in the current screen. Turbotax 2010 download Please click the link to view the image. Turbotax 2010 download Form 8917 for Tim Pfister Prev  Up  Next   Home   More Online Publications