Found 34 Matching Items; Displaying 11 - 20.
Education benefits - No double benefits allowed
You can’t take more than one education benefit for the same student and the same expenses. So, you can't take the American opportunity tax credit and lifetime learning credit for the same student in the same tax year. Also, if you receive tax-free educational assistance, such as a grant, you need to subtract that amount from your qualified education expenses.
General Information
Individuals
About Form 1098-E, Student Loan Interest Statement
Information about Form 1098-E, Student Loan Interest Statement (Info Copy Only), including recent updates, related forms and instructions on how to file. File this form if you receive student loan interest of $600 or more from an individual during the year in the course of your trade or business.
General Information
Muncie area tax preparer sentenced to 18 months in federal prison for filing nearly 400 false tax returns
May 1, 2025 — Christina Moles, a.k.a. Tina Lashley, of Redkey, Indiana has been sentenced to 18 months in federal prison followed by three years of supervised release after pleading guilty to wire fraud and aiding and assisting the making of a false federal income tax return. Moles has also been ordered to pay $567,010 in restitution.
News
News Media
Questions about operating as an exempt organization
Insights into the operations of a tax-exempt organization.
General Information
Charities and Nonprofits
Understanding your CP03B notice
Our records show you already claimed the American Opportunity Tax Credit (AOTC) on Form 8863 of your 2023 tax return for the same student for the four years allowed.
General Information
Individuals
Understanding your CP03A notice
Our records show you already claimed the American Opportunity Tax Credit (AOTC) on Form 8863 of your 2023 tax return for the same student for the four years allowed.
General Information
Individuals
Understanding your CP03 notice
Our records show you already claimed the American Opportunity Tax Credit (AOTC) on Form 8863 of your 2023 tax return for the same student for the four years allowed.
General Information
Individuals
Higher education emergency grants frequently asked questions
Frequently asked questions about higher education emergency grants.
General Information
College students should study up on these two tax credits
IRS Tax Tip 2022-123, August 11, 2022 — Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouse or dependents in 2021 may be able to take advantage of two education tax credits.
General Information
Individuals, Students
Two tax credits that can help cover the cost of higher education
Tax Tip 2022-38, March 10, 2022 — Higher education is important to many people and it’s often expensive. Whether it’s specialized job training or an advanced degree, there are a lot of costs associated with higher education. There are two education tax credits designed to help offset these costs - the American opportunity tax credit and the lifetime learning credit.
General Information
Individuals, Tax Professionals