Get the free Form 8917

This form is used to compute the tuition and fees deduction, which can reduce the taxable income for students or parents paying for qualified educational expenses. It provides guidance on eligibility

How to fill out form 8917

How to fill out Form 8917

1. Gather necessary documents: Collect your tax return, Form 1040, and any records of qualified tuition and related expenses.
2. Complete Part I: Enter your filing status and the number of students for whom you are claiming the deduction.
3. Fill out Part II: Enter the total amount of qualified tuition and fees you paid in the tax year for each student.
4. Calculate your deduction: Follow the instructions to determine the amount you can deduct based on your income and the amount of qualified expenses.
5. Transfer to your tax return: Write the amount of your deduction from Form 8917 on the appropriate line of your tax return.

Who needs Form 8917?

1. Anyone who has paid qualified tuition and related expenses for themselves, their spouse, or dependents during the tax year and who wants to claim the tuition and fees deduction.

People Also Ask about

What is the tax form for private school tuition?

Eligible educational institutions are required to issue students Form 1098-T, Tuition Statement (some exceptions apply).

What is the IRS Form 8917?

Use Form 8917 (Rev. January 2020) to figure and take the deduction for tuition and fees expenses paid in calendar years 2018, 2019, and 2020, and later years if the deduction is extended. This deduction is based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary).

What qualifies for tuition and fees deduction?

Qualified expenses for the Tuition and Fees Deduction generally include tuition and fees required for enrollment or attendance at an eligible educational institution. Other qualified expenses include: Costs of required textbooks, supplies and equipment paid to the college or university.

What is the difference between form 8917 and 8863?

IRS Form 8917 and Form 8863 both deal with education expenses. Form 8917 offers a tax deduction called the Tuition and Fees Deduction, while Form 8863 offers two tax credits. The two tax credits you can claim on Form 8863 are the American Opportunity Tax Credit and the Lifetime Learning Credit.

What form do I use to claim education expenses?

Use Form 8863 to figure and claim your education credits, which are based on qualified education expenses paid to an eligible postsecondary educational institution.

What is form 8917 used for?

Use Form 8917 to figure and take the deduction for tuition and fees expenses paid.

For pdfFiller’s FAQs

What is Form 8917?

Form 8917 is a tax form used by eligible students to claim the Tuition and Fees Deduction on their federal income tax return.

Who is required to file Form 8917?

Taxpayers who paid qualified education expenses for themselves or their dependents and wish to claim the Tuition and Fees Deduction must file Form 8917.

How to fill out Form 8917?

To fill out Form 8917, you need to provide your personal information, the qualified tuition and fees paid, and any other required details. Follow the instructions on the form carefully.

What is the purpose of Form 8917?

The purpose of Form 8917 is to allow taxpayers to claim a deduction for qualified tuition and fees that they, their spouse, or their dependents have paid for higher education.

What information must be reported on Form 8917?

You must report your name, Social Security number, the amount of qualified tuition and fees paid, the number of years you are claiming the deduction, and any other relevant information as specified in the form instructions.