EDUCATION

• You, your spouse, or a dependent you claim on your tax return are eligible.
• If not claimed as a dependent on your return, only the student  can take the credit.
• A relative can not claim the credit, even if they pay the qualified expenses.
• Must be enrolled at or attending an eligible educational institution.
• If you are married - you MUST file a joint return - married filing separate - you LOSE the credit.
• You can claim both credits on the same return - but not for the same student.

• Maximum credit is up to $2500 per eligible student.
• Available only for the First 4 years of post secondary education.
• Student must be pursuing a degree or other recognized educational credential.
• Must be enrolled at least "Half-Time" for at least one period during the year.
• Student had NO felony drug convictions.
• Qualified Tuition, fees, course materials needed, whether or not paid directly to the school.
• Credit is phased out if your Modified Adjusted Gross Income is over $80-90K unmarried - $160-180K married.

• Maximum credit is $2000 per return or 20% of up to 10K in qualified expenses.
• All years of post secondary education & for courses to acquire or improve job skills.
• Student does NOT need to be pursuing a degree or recognized credential.
• Felony drug convictions are permitted.
• Qualified Tuition, fees, course materials MUST be required & PAID directly to the school.
• Credit is phased out if your Modified Adjusted Gross Income is over $57-67K unmarried - $114-134K married.

Please provide  - All 1098 Tuition Forms

• What year in School
• Qualified Expenses Paid
• 529 Saving Plan contributions
• Qualified Tuition Plan distributions

Up to $2500 - lose credit if Married Filing Separate or AGI over 80K/160K

• Name of Loan provider
• Amount Paid

Maximum deduction is $250

• Classroom supplies, books, equipment

Contact me if you live in : AZ,  IL, IA, IN, MI, MN