Step-by-Step Guide for Filling out Form 8917

These questions are located below the educational institution name and address sections. Scholarships or grants – This box contains the sum of all scholarships or grants Brown University administered and processed to the student’s account during the calendar year.

Approval and loan amount based on expected refund amount, eligibility criteria, and underwriting. If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan.

Current Student

This includes the American Opportunity Credit and the Lifetime Learning Credit . If used correctly, these education credits can provide some much-needed financial relief and help lower your tax bill. If you plan on claiming one of the IRS educational tax credits, be sure to fill out a Form 8863 and attach it to your tax return. These credits can provide a dollar-for-dollar reduction Federal Form 8863 in the amount of tax you owe at the end of the year for the costs you incur to attend school. Before preparing the form, however, make sure that you satisfy the requirements of an eligible student. Form 8863 can be used to claim Education Credits. First up, on line 1 parts a) and b) of Form 8917 you’ll write the name and Social Security Number of the student in your household.

Valid receipt for 2016 tax preparation fees from a tax preparer other than H&R Block must be presented prior to completion of initial tax office interview. May not be combined with other offers. Offer period March 1 – 25, 2018 at participating offices only. To qualify, tax return must be paid for and filed during this period. Visit hrblock.com/halfoff to find the nearest participating office or to make an appointment.

Will MAXIMUS Federal answer tax-related questions?

Each has specific rules around who qualifies, the credit’s maximum value and the specific costs that are considered qualified expenses for the purpose of the credit. PdfFiller and Google Docs can be used together to make your documents easier to work with and to make fillable forms right in your Google Drive. The integration will let you make, change, and sign documents, like 8863 worksheet, without leaving Google Drive. Add pdfFiller’s https://turbo-tax.org/ features to Google Drive, and you’ll be able to do more with your paperwork on any internet-connected device. Amounts paid for any course or other education involving sports, games, or hobbies, unless the course or other education is part of the student’s degree program or is taken to acquire or improve job skills. Fees apply when making cash payments through MoneyGram® or 7-11®. Availability of Refund Transfer funds varies by state.

• Enter the number from part 3, line 30, on part 1, line 1.
• It is important to note that the Form 1098-T does not include all of the information needed to claim a tax credit.
• A 1098-T form must be provided to each eligible student, but the form is for informational purposes only and is not filed with your taxes.
• You can find detailed information about claiming education tax credits on page nine of IRS Publication 970, Tax Benefits for Education.
• In that case, you may use the same form to claim both credits.
• Learn how to get an IRS tax transcript with the experts at H&R Block.

All tax situations are different and not everyone gets a refund. Fees apply if you have us file an amended return.

What is the 1098-T form?

If your modified adjusted gross income is more than $80,000 (or $160,000 if you’re filing jointly), you can’t use Form 8917. If you were a non-resident alien for all or part of the year and didn’t elect non-resident alien tax status, you can’t use Form 8917. Transferring funds from another bank account to your Emerald Card may not be available to all cardholders and other terms and conditions apply. There are limits on the total amount you can transfer and how often you can request transfers. MetaBank® does not charge a fee for this service; please see your bank for details on its fees. Line balance must be paid down to zero by February 15 each year.

While it is a good starting point, the 1098-T, as designed and regulated by the IRS, does not contain all of the information needed to claim a tax credit. It is up to each taxpayer to determine eligibility for the credits and how to calculate them.

Request a Paper Statement

Most personal state programs available in January; release dates vary by state. E-file fees do not apply to NY state returns. State e-file available within the program. An additional fee applies for online. Most state programs are available in January.