Recommended by IRS
About Publication 970, Tax Benefits for EducationPublication 970 explains tax benefits that may be available to you if you are saving for or paying education costs for yourself or, in many cases, another student who is a member of your immediate family.
Found 73 Matching Items; Displaying 41 - 50.
Understanding your CP75A notice
We're auditing your tax return and need documentation to verify the Earned Income Credit (EIC), dependents and filing status you claimed.
General Information
Individuals
For the first time, maximum educator expense deduction rises to $300 in 2022; limit $250 for those filing 2021 tax returns
IR-2022-70, March 29, 2022 — The IRS today reminded teachers and other educators planning ahead for 2022 that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year.
News
News Media
New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022
IR-2022-148, August 10, 2022 — As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year.
News
News Media, Individuals, Tax Professionals
Understanding Your CP75D Notice
We're auditing your tax return and need documentation to verify the income and withholding you reported. This may affect your eligibility for the Earned Income Credit (EIC), dependents, and other refundable credits you claimed. We’re holding your refund pending the results of the audit.
General Information
Individuals
Name, image and likeness income
If you are a student-athlete and you receive any monetary or financial gain, in cash or non-cash, from a transaction in which you benefit from the use of your name, image or likeness, that gain is NIL income.
Tax Administration (Non-Authoritative)
Small Businesses
Education credits - AOTC and LLC
Education credits like the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) can help with the cost of higher education. See if you qualify.
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
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