However the amounts in box 1 or 2 of Form 1098-T may be different from what you actually paid. On Form 8917 line 1 enter only the amounts you paid in 2010 for qualified expenses. Section references are to the Internal Revenue Code unless otherwise noted. General Instructions Purpose of Form Use Form 8917 to figure and take the deduction for tuition and fees expenses paid in 2010. More information on nonresident aliens can be found in Pub. 519 U.S. Tax Guide for Aliens. Cat. No. 37728P Form 8917...2010 Page 2 You or anyone else claims an American opportunity or lifetime learning credit Form 8863 in 2010 with respect to expenses of the student for whom the qualified education expenses were paid. However a state tax credit will not disqualify you from claiming a tuition and fees deduction. which your tuition and fees deduction would have been reduced if the refund or tax-free assistance had been received in the year for which you claimed the tuition and fees deduction. Include that amount...as additional income for the year the refund or taxfree assistance was received. Example. Form OMB No* 1545-0074 Tuition and Fees Deduction See Instructions. Attach to Form 1040 or Form 1040A. Department of the Treasury Internal Revenue Service Attachment Sequence No* Your social security number Name s shown on return CAUTION You cannot take both an education credit from Form 8863 and the tuition and fees deduction from this form for the same student for the same tax year. Before you begin To...see if you qualify for this deduction see Who Can Take the Deduction in the instructions below. If you file Form 1040 figure any write-in adjustments to be entered on the dotted line next to Form 1040 line 36. See the 2010 Form 1040 instructions for line 36. a Student s name as shown on page 1 of your tax return First name b Student s social security number as shown on page 1 of your tax return Last name Add the amounts on line 1 column c and enter the total. Enter the amount from Form 1040 line...22 or Form 1040A line 15 Enter the total from either Form 1040 lines 23 through 33 plus any write-in adjustments entered on the dotted line next to Form 1040 line 36 or. c Qualified expenses see Subtract line 4 from line 3. If the result is more than 80 000 160 000 if married filing jointly stop you cannot take the deduction for tuition and fees. If you are filing Form 2555 2555-EZ or 4563 or you are excluding income from Puerto Rico see Effect of the Amount of Your Income on the Amount of Your...Deduction in Pub. 970 chapter 6 to figure the amount to enter on line 5. filing jointly Yes. Enter the smaller of line 2 or 2 000. No* Enter the smaller of line 2 or 4 000. Also enter this amount on Form 1040 line 34 or Form 1040A line 19. This deduction is based on qualified education expenses paid to an eligible postsecondary educational institution* See What Expenses Qualify on page 2 for more information* You may be able to take the American opportunity credit for TIP credit or lifetime...learningtuition and your education expenses instead of the fees deduction* Figure your tax both ways and choose the one that gives you the lower tax.
pdfFiller is not affiliated with IRS
Get, Create, Make, and Sign IRS 8917
Edit your IRS 8917 online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your IRS 8917 via URL. You can also download, print, or export forms to your preferred cloud storage service.
Instructions and Help about IRS 8917
How to edit IRS 8917
How to fill out IRS 8917
Instructions and Help about IRS 8917
How to edit IRS 8917
To edit IRS form 8917, first download the form from the IRS website or access a fillable version through pdfFiller. After obtaining the form, you can modify it using the editing tools available. Ensure that all changes are accurate before saving or submitting the completed form.
How to fill out IRS 8917
When filling out IRS form 8917, begin by retrieving the necessary information related to qualified tuition and related expenses. Follow these steps:
01
Download the form from the IRS website or pdfFiller.
02
Enter your personal information at the top of the form, including your Social Security number.
03
Report the amount of qualified expenses in the appropriate sections of the form.
04
Complete any calculations as prompted by the form's instructions.
05
Review your entries to ensure accuracy before submission.
About IRS 8 previous version
What is IRS 8917?
IRS form 8917 is a tax form used by taxpayers to claim the tuition and fees deduction. This form allows eligible filers to deduct qualified education expenses to lower their taxable income. Understanding the requirements and implications of this form is essential for maximizing tax benefits.
Who needs the form?
Individuals who have incurred qualified tuition and related expenses in a tax year and wish to claim a deduction must complete IRS form 8917. This form is beneficial for students or parents paying for higher education costs at eligible institutions. Ensure you meet the eligibility criteria outlined in the form instructions before filing.
Components of the form
The IRS form 8917 consists of several sections that require specific information detailing your qualified education expenses. Key components include personal identification information, the total amounts of eligible expenses, and calculations that determine the deduction. Accurate completion of each section is crucial for a successful filing.
What are the penalties for not issuing the form?
Failure to file IRS form 8917 when required may lead to the loss of the education deduction, resulting in a higher taxable income. Additionally, penalties can apply if the form is submitted late or if incorrect information is provided, which can lead to audits or further scrutiny from the IRS.
Is the form accompanied by other forms?
IRS form 8917 may need to be filed alongside your main tax return forms, such as Form 1040 or Form 1040A. Depending on your individual tax situation, additional documentation may also be required to support your claims for education expenses.
What is the purpose of this form?
The purpose of IRS form 8917 is to facilitate the claiming of education expenses as a deduction on your tax return. This deduction can help to reduce your overall taxable income, leading to potential tax savings. Taxpayers who qualify based on the nature of their educational expenses and income limits are encouraged to utilize this form.
When am I exempt from filling out this form?
You may be exempt from filling out form 8917 if you do not have any qualifying education expenses or if your income exceeds the limits set by the IRS. Additionally, if you are claiming other tax credits for education, such as the American Opportunity Credit or Lifetime Learning Credit, you might not need to file this form.
Due date
The due date for submitting IRS form 8917 generally aligns with the tax return deadline, which is typically April 15 of the following tax year. It is essential to file this form timely to ensure that you receive the deduction benefit on your income tax return.
What information do you need when you file the form?
When filing IRS form 8917, you need to gather several pieces of information: your Social Security number, total qualified tuition and related expenses, and any required tax documents from your educational institution. Having these documents ready will streamline the completion of the form.
Where do I send the form?
The completed IRS form 8917 should be submitted with your federal tax return to the appropriate address provided in the IRS instructions for that tax year. Ensure that you send it to the correct location based on your residence and method of filing.
FAQ about IRS 8917
What should I do if I realize I've made a mistake on my form 8917 2010 after submission?
If you find an error on your form 8917 2010 after it's been submitted, you can correct it by filing an amended return. Be sure to follow the IRS guidelines for amendments to ensure that your corrections are properly processed.
How can I track the status of my submitted form 8917 2010?
To verify the receipt and processing of your form 8917 2010, use the IRS's 'Where's My Refund?' tool or call their customer service. Keep your confirmation details handy to expedite inquiries and check for any processing issues.
What are common errors to watch for when filing form 8917 2010?
Common errors with form 8917 2010 include incorrect calculations, missing signatures, and failing to include necessary documentation. Carefully review your entries and consider using software that checks for errors to help avoid these pitfalls.
Are there specific technical requirements for e-filing form 8917 2010?
When e-filing your form 8917 2010, ensure compatibility with the software you are using and confirm that your browser meets the IRS requirements for secure access. Check for any system updates or specific technical support guidelines related to your e-filing service.
Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
