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Instructions On How To Fill Out 1040ez

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Instructions On How To Fill Out 1040ez

Instructions on how to fill out 1040ez 34. Instructions on how to fill out 1040ez   Crédito Tributario por Hijos Table of Contents Introduction Useful Items - You may want to see: Hijo Calificado Cantidad de CréditoLímites del Crédito Cómo Reclamar el Crédito Crédito Tributario Adicional por Hijos Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040)Parte I Partes II a IV Introduction El crédito tributario por hijos es un crédito que puede reducir su impuesto hasta $1,000 por cada uno de sus hijos calificados. Instructions on how to fill out 1040ez El crédito tributario adicional por hijos es un crédito que podría tomar en el caso de que no pueda reclamar la cantidad completa del crédito tributario por hijos. Instructions on how to fill out 1040ez Este capítulo le explica lo siguiente: Quién es un hijo calificado. Instructions on how to fill out 1040ez La cantidad del crédito. Instructions on how to fill out 1040ez Cómo se puede reclamar el crédito. Instructions on how to fill out 1040ez El crédito tributario por hijos y el crédito tributario adicional por hijos no deben confundirse con el crédito por gastos del cuidado de menores y dependientes, el cual se explica en el capítulo 32. Instructions on how to fill out 1040ez Si no está sujeto al pago de impuestos. Instructions on how to fill out 1040ez   Algunos créditos, tales como el crédito tributario por hijos o el crédito por gastos del cuidado de menores y dependientes, se usan para reducir el impuesto. Instructions on how to fill out 1040ez Si la cantidad del impuesto en la línea 46 del Formulario 1040 o en la línea 28 del Formulario 1040A es cero, no calcule el crédito tributario por hijos ya que no hay impuesto que se pueda reducir. Instructions on how to fill out 1040ez Sin embargo, podría reunir los requisitos para el crédito tributario adicional por hijos en la línea 65 (Formulario 1040) o en la línea 39 (Formulario 1040A). Instructions on how to fill out 1040ez Useful Items - You may want to see: Publicación 972 Child Tax Credit (Crédito tributario por hijos), en inglés Formulario (e Instrucciones) Anexo 8812   (Formulario 1040A o 1040) Child Tax Credit (Crédito tributario por hijos), en inglés W-4(SP) Certificado de Exención de Retenciones del Empleado W-4 Employee's Withholding Allowance Certificate (Certificado de exención de retenciones del empleado), en inglés Hijo Calificado Un hijo calificado, para propósitos del crédito tributario por hijos, es aquél que: Es su hijo o hija, hijastro o hijastra, hijo de crianza, hermano o hermana, hermanastro o hermanastra o descendiente de cualquiera de ellos (por ejemplo, su nieto, nieta, sobrina o sobrino), Tenía menos de 17 años de edad al finalizar el año 2013, No proveyó más de la mitad de su propia manutención durante el año 2013, Vivió con usted durante más de la mitad del año 2013 (vea Excepciones al tiempo vivido con usted , más adelante), Fue reclamado como dependiente en la declaración de usted, No presenta una declaración conjunta para el año (o la presenta solamente para reclamar un reembolso), y Era ciudadano, nacional o residente de los Estados Unidos. Instructions on how to fill out 1040ez Si el hijo fue adoptado, vea Hijo adoptivo , más adelante. Instructions on how to fill out 1040ez Para cada hijo calificado, tiene que marcar el recuadro que aparece en la línea 6c del Formulario 1040 o del Formulario 1040A. Instructions on how to fill out 1040ez Ejemplo 1. Instructions on how to fill out 1040ez Su hijo cumplió 17 años de edad el día 30 de diciembre del año 2013. Instructions on how to fill out 1040ez Él es ciudadano de los Estados Unidos y usted lo declara como dependiente en la declaración de impuestos. Instructions on how to fill out 1040ez Su hijo no es hijo calificado para el crédito tributario por hijos porque no tenía menos de 17 años de edad al finalizar el año 2013. Instructions on how to fill out 1040ez Ejemplo 2. Instructions on how to fill out 1040ez Su hija cumplió 8 años en el año 2013. Instructions on how to fill out 1040ez Ella no es ciudadana de los Estados Unidos, tiene un ITIN y vivió en México durante todo el año 2013. Instructions on how to fill out 1040ez Ella no es un hijo calificado para el crédito tributario por hijos debido a que no fue residente de los Estados Unidos en 2013. Instructions on how to fill out 1040ez Contribuyentes que tienen determinados hijos dependientes con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés). Instructions on how to fill out 1040ez   Si está reclamando un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un hijo que identificó en su declaración de impuestos con un número de identificación personal del contribuyente (ITIN, por sus siglas en inglés), en lugar de un número de Seguro Social (SSN, por sus siglas en inglés), tiene que completar la Parte I del Anexo 8812 (Formulario 1040A o 1040). Instructions on how to fill out 1040ez   Aun si su hijo es dependiente suyo, sólo puede reclamar un crédito tributario por hijos o un crédito tributario adicional por hijos basándose en un dependiente que sea ciudadano, nacional o residente de los Estados Unidos. Instructions on how to fill out 1040ez Para ser tratado como residente de los Estados Unidos, un hijo normalmente tiene que cumplir el requisito de presencia sustancial. Instructions on how to fill out 1040ez Para más información sobre el requisito de presencia sustancial, vea la Publicación 519, U. Instructions on how to fill out 1040ez S. Instructions on how to fill out 1040ez Tax Guide for Aliens (Guía sobre los impuestos federales estadounidenses para extranjeros), en inglés. Instructions on how to fill out 1040ez Hijo adoptivo. Instructions on how to fill out 1040ez   A un hijo adoptivo siempre se le trata como si fuera su hijo. Instructions on how to fill out 1040ez Un hijo adoptivo incluye un niño colocado en su hogar por una agencia autorizada, con la intención de que sea legalmente adoptado. Instructions on how to fill out 1040ez   Si usted es ciudadano o nacional de los EE. Instructions on how to fill out 1040ez UU. Instructions on how to fill out 1040ez y su hijo adoptivo vivió con usted como integrante de su unidad familiar durante todo el año en 2013, dicho hijo cumple el requisito (7), anteriormente, para ser un hijo calificado para propósitos del crédito tributario por hijos. Instructions on how to fill out 1040ez Excepciones al tiempo vivido con usted. Instructions on how to fill out 1040ez   Se considera que un hijo vivió con usted más de la mitad del año 2013 si nació o murió en el año 2013, y su hogar (el de usted) fue el hogar del hijo más de la mitad del tiempo en el cual estuvo vivo. Instructions on how to fill out 1040ez Las ausencias temporales por usted o su hijo debidas a circunstancias especiales, tales como las ausencias por educación, vacaciones, negocios, atención médica, servicio militar o estancia en un centro de detención para delincuentes juveniles cuentan como tiempo que el hijo vivió con usted. Instructions on how to fill out 1040ez   También hay excepciones para hijos secuestrados e hijos de padres divorciados o separados. Instructions on how to fill out 1040ez Para detalles, vea Requisito de Residencia , en el capítulo 3. Instructions on how to fill out 1040ez Hijo calificado de más de una persona. Instructions on how to fill out 1040ez   Se aplica una regla especial si su hijo calificado es el hijo calificado de más de una persona. Instructions on how to fill out 1040ez Para detalles, vea Requisito Especial para el Hijo Calificado de Más de una Persona , en el capítulo 3. Instructions on how to fill out 1040ez Cantidad de Crédito La cantidad máxima de crédito que puede reclamar es $1,000 por cada hijo calificado. Instructions on how to fill out 1040ez Límites del Crédito Usted tiene que reducir su crédito tributario por hijos si la condición (1) o la condición (2) le corresponde: La cantidad de la línea 46 (Formulario 1040) o de la línea 28 (Formulario 1040A) es menor que el crédito. Instructions on how to fill out 1040ez Si esta cantidad es cero, no puede reclamar este crédito porque no hay impuesto que se pueda reducir. Instructions on how to fill out 1040ez Sin embargo, es posible que pueda tomar el crédito tributario adicional por hijos. Instructions on how to fill out 1040ez Vea Crédito Tributario Adicional por Hijos , más adelante. Instructions on how to fill out 1040ez Su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es mayor que la cantidad que se indica a continuación para su estado civil para efectos de la declaración. Instructions on how to fill out 1040ez Casados que presentan una declaración conjunta: $110,000. Instructions on how to fill out 1040ez Soltero, cabeza de familia o viudo que reúne los requisitos: $75,000. Instructions on how to fill out 1040ez Casados que presentan la declaración por separado: $55,000. Instructions on how to fill out 1040ez Ingresos brutos ajustados modificados. Instructions on how to fill out 1040ez   Para propósitos del crédito tributario por hijos, su ingreso bruto ajustado (AGI, por sus siglas en inglés) modificado es su ingreso bruto ajustado más las cantidades siguientes que puedan ser aplicables en su caso: Toda cantidad excluida del ingreso debido a la exclusión de ingresos de fuentes de  Puerto Rico. Instructions on how to fill out 1040ez En la línea de puntos directamente al lado de la línea 38 del Formulario 1040, anote la cantidad excluida e indentifíquela como “ EPRI. Instructions on how to fill out 1040ez ” Además, adjunte una copia de todo Formulario 499R-2/W-2PR a su declaración. Instructions on how to fill out 1040ez Toda cantidad de las líneas 45 ó 50 del Formulario 2555, Foreign Earned Income (Ingreso devengado en el extranjero), en inglés. Instructions on how to fill out 1040ez Toda cantidad de la línea 18 del Formulario 2555-EZ, Foreign Earned Income Exclusion (Exclusión de ingreso devengado en el extranjero), en inglés. Instructions on how to fill out 1040ez Toda cantidad de la línea 15 del Formulario 4563, Exclusion of Income for Bona Fide Residents of American Samoa (Exclusión del ingreso para residentes bona fide de la Samoa Estadounidense), en inglés. Instructions on how to fill out 1040ez   Si no tiene ninguna de las cantidades mencionadas anteriormente, su ingreso bruto ajustado modificado es igual a su ingreso bruto ajustado. Instructions on how to fill out 1040ez Ingreso bruto ajustado. Instructions on how to fill out 1040ez   El ingreso bruto ajustado (AGI, por sus siglas en inglés) es la cantidad de la línea 38 del Formulario 1040 o de la línea 22 del Formulario 1040A. Instructions on how to fill out 1040ez Cómo Reclamar el Crédito Para reclamar el crédito tributario por hijos, tiene que presentar el Formulario 1040 o el Formulario 1040A. Instructions on how to fill out 1040ez No puede reclamar el crédito tributario por hijos en el Formulario 1040EZ. Instructions on how to fill out 1040ez Tiene que proveer el nombre y número de identificación (normalmente el número de Seguro Social) de cada hijo calificado en su declaración de impuestos. Instructions on how to fill out 1040ez Si reclama el crédito tributario por hijos con un hijo identificado por un ITIN, usted también tiene que presentar el Anexo 8812. Instructions on how to fill out 1040ez Para calcular el crédito, primero revise la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos), en las Instrucciones para el Formulario 1040 o el Formulario 1040A. Instructions on how to fill out 1040ez Si se le indica que consulte la Publicación 972, Child Tax Credit (Crédito tributario por hijos), en inglés, no puede utilizar la Hoja de trabajo de las instrucciones en la declaración de impuestos; en su lugar, usted tiene que utilizar la Publicación 972, en inglés, para calcular el crédito. Instructions on how to fill out 1040ez Si no se le indica que utilice la Publicación 972, puede usar la Hoja de trabajo del crédito tributario por hijos, que se encuentra en las Instrucciones para el Formulario 1040 o las Instrucciones para el Formulario 1040A o la Publicación 972, todas en inglés, para calcular el crédito. Instructions on how to fill out 1040ez Crédito Tributario Adicional por Hijos Este crédito es para determinadas personas que reciban menos de la cantidad total del crédito tributario por hijos. Instructions on how to fill out 1040ez El crédito tributario adicional por hijos puede darle un reembolso aunque no adeude ningún impuesto. Instructions on how to fill out 1040ez Cómo se reclama el crédito tributario adicional por hijos. Instructions on how to fill out 1040ez   Para reclamar el crédito tributario adicional por hijos, siga los pasos que aparecen a continuación: Asegúrese de haber calculado la cantidad, si existe, de su crédito tributario por hijos. Instructions on how to fill out 1040ez Vea anteriormente el tema titulado Cómo Reclamar el Crédito . Instructions on how to fill out 1040ez Use las Partes II a la IV del Anexo 8812 para determinar si puede reclamar el crédito tributario adicional por hijos si usted contestó “Yes” (Sí) en la línea 9 ó 10 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en las Instrucciones para el Formulario 1040 o en las Instrucciones para el Formulario 1040A, o en la línea 13 de la Child Tax Credit Worksheet (Hoja de trabajo del crédito tributario por hijos) en la Publicación 972, todas en inglés. Instructions on how to fill out 1040ez Si tiene un crédito tributario adicional por hijos en la línea 13 del Anexo 8812, anótelo en la línea 65 del Formulario 1040 o en la línea 39 del Formulario 1040A. Instructions on how to fill out 1040ez Cómo Completar el Anexo 8812 (Formulario 1040A o Formulario 1040) El Anexo 8812 tiene cuatro partes, pero se puede considerar como que consta de dos secciones. Instructions on how to fill out 1040ez La Parte I es independiente de las Partes II a la IV. Instructions on how to fill out 1040ez Si todos sus hijos tienen números de Seguro Social o números de identificación del contribuyente para adopción del IRS(ATIN, por sus siglas en inglés),y usted no reclama el crédito tributario adicional por hijos, no necesita completar ni adjuntar el Anexo 8812 a su declaración de impuestos. Instructions on how to fill out 1040ez Parte I Usted sólo necesitará completar la Parte I si está reclamando el crédito tributario por hijos para un hijo que aparece identificado con un número de identificación personal del contribuyente del IRS (ITIN, por sus siglas en inglés). Instructions on how to fill out 1040ez Si todos los hijos por los cuales usted marcó la casilla en la columna 4 de la línea 6c de su Formulario 1040 o Formulario 1040A tienen números de Seguro Social (SSN, por sus siglas en inglés) o números de identificación del contribuyente para adopción del IRS (ATIN, por sus siglas en inglés), no tiene que completar la Parte I del Anexo 8812. Instructions on how to fill out 1040ez Partes II a IV Las Partes II a la IV le ayudan a calcular el crédito adicional por hijos que le corresponde a usted. Instructions on how to fill out 1040ez Por lo general, deberá completar las Partes II a la IV únicamente si se le indica luego de que completa la Hoja de trabajo del crédito tributario por hijos que aparece en las instrucciones de su declaración de impuestos o en la Publicación 972. Instructions on how to fill out 1040ez Vea Cómo se reclama el crédito tributario adicional por hijos , anteriormente. 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The Instructions On How To Fill Out 1040ez

Instructions on how to fill out 1040ez 35. Instructions on how to fill out 1040ez   Education Credits Table of Contents Introduction Useful Items - You may want to see: Who Can Claim an Education Credit Qualified Education ExpensesNo Double Benefit Allowed Adjustments to Qualified Education Expenses Introduction For 2013, there are two tax credits available to persons who pay expenses for higher (postsecondary) education. Instructions on how to fill out 1040ez They are: The American opportunity credit, and The lifetime learning credit. Instructions on how to fill out 1040ez The chapter will present an overview of these education credits. Instructions on how to fill out 1040ez To get the detailed information you will need to claim either of the credits, and for examples illustrating that information, see chapters 2 and 3 of Publication 970. Instructions on how to fill out 1040ez Can you claim more than one education credit this year?   For each student, you can choose for any year only one of the credits. Instructions on how to fill out 1040ez For example, if you choose to take the American opportunity credit for a child on your 2013 tax return, you cannot, for that same child, also claim the lifetime learning credit for 2013. Instructions on how to fill out 1040ez   If you are eligible to claim the American opportunity credit and you are also eligible to claim the lifetime learning credit for the same student in the same year, you can choose to claim either credit, but not both. Instructions on how to fill out 1040ez   If you pay qualified education expenses for more than one student in the same year, you can choose to take the American opportunity and the lifetime learning credits on a per-student, per-year basis. Instructions on how to fill out 1040ez This means that, for example, you can claim the American opportunity credit for one student and the lifetime learning credit for another student in the same year. Instructions on how to fill out 1040ez Table 35-1. Instructions on how to fill out 1040ez Comparison of Education Credits Caution. Instructions on how to fill out 1040ez You can claim both the American opportunity credit and the lifetime learning credit on the same return—but not for the same student. Instructions on how to fill out 1040ez   American Opportunity Credit Lifetime Learning Credit Maximum credit Up to $2,500 credit per eligible student Up to $2,000 credit per return Limit on modified adjusted gross income (MAGI) $180,000 if married filing jointly;  $90,000 if single, head of household, or qualifying widow(er) $127,000 if married filing jointly;  $63,000 if single, head of household, or qualifying widow(er) Refundable or nonrefundable 40% of credit may be refundable Credit limited to the amount of tax you must pay on your taxable income Number of years of postsecondary education Available ONLY if the student had not completed the first 4 years of postsecondary education before 2013 Available for all years of postsecondary education and for courses to acquire or improve job skills Number of tax years credit available Available ONLY for 4 tax years per eligible student (including any year(s) the Hope credit was claimed) Available for an unlimited number of years Type of program required Student must be pursuing a program leading to a degree or other recognized education credential Student does not need to be pursuing a program leading to a degree or other recognized education credential Number of courses Student must be enrolled at least half time for at least one academic period beginning during the tax year Available for one or more courses Felony drug conviction At the end of 2013, the student had not been convicted of a felony for possessing or distributing a controlled substance Felony drug convictions do not make the student ineligible Qualified expenses Tuition, required enrollment fees, and course materials that the student needs for a course of study whether or not the materials are bought at the educational institution as a condition of enrollment or attendance Tuition and fees required for enrollment or attendance (including amounts required to be paid to the institution for course-related books, supplies, and equipment) Payments for academic periods Payments made in 2013 for academic periods beginning in 2013 or beginning in the first 3 months of 2014 Differences between the American opportunity and lifetime learning credits. Instructions on how to fill out 1040ez   There are several differences between these two credits. Instructions on how to fill out 1040ez These differences are summarized in Table 35-1, later. Instructions on how to fill out 1040ez Useful Items - You may want to see: Publication 970 Tax Benefits for Education Form (and Instructions) 8863 Education Credits (American Opportunity and Lifetime Learning Credits) Who Can Claim an Education Credit You may be able to claim an education credit if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. Instructions on how to fill out 1040ez The credits are based on the amount of qualified education expenses paid for the student in 2013 for academic periods beginning in 2013 and in the first 3 months of 2014. Instructions on how to fill out 1040ez For example, if you paid $1,500 in December 2013 for qualified tuition for the spring 2014 semester beginning in January 2014, you may be able to use that $1,500 in figuring your 2013 education credit(s). Instructions on how to fill out 1040ez Academic period. Instructions on how to fill out 1040ez   An academic period includes a semester, trimester, quarter, or other period of study (such as a summer school session) as reasonably determined by an educational institution. Instructions on how to fill out 1040ez In the case of an educational institution that uses credit hours or clock hours and does not have academic terms, each payment period can be treated as an academic period. Instructions on how to fill out 1040ez Eligible educational institution. Instructions on how to fill out 1040ez   An eligible educational institution is any college, university, vocational school, or other postsecondary educational institution eligible to participate in a student aid program administered by the U. Instructions on how to fill out 1040ez S. Instructions on how to fill out 1040ez Department of Education. Instructions on how to fill out 1040ez It includes virtually all accredited public, nonprofit, and proprietary (privately owned profit-making) postsecondary institutions. Instructions on how to fill out 1040ez The educational institution should be able to tell you if it is an eligible educational institution. Instructions on how to fill out 1040ez   Certain educational institutions located outside the United States also participate in the U. Instructions on how to fill out 1040ez S. Instructions on how to fill out 1040ez Department of Education's Federal Student Aid (FSA) programs. Instructions on how to fill out 1040ez Who can claim a dependent's expenses. Instructions on how to fill out 1040ez   If an exemption is allowed as a deduction for any person who claims the student as a dependent, all qualified education expenses of the student are treated as having been paid by that person. Instructions on how to fill out 1040ez Therefore, only that person can claim an education credit for the student. Instructions on how to fill out 1040ez If a student is not claimed as a dependent on another person's tax return, only the student can claim a credit. Instructions on how to fill out 1040ez Expenses paid by a third party. Instructions on how to fill out 1040ez   Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. Instructions on how to fill out 1040ez However, qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. Instructions on how to fill out 1040ez Therefore, you are treated as having paid expenses that were paid by the third party. Instructions on how to fill out 1040ez For more information and an example see Who Can Claim a Dependent's Expenses in Pub. Instructions on how to fill out 1040ez 970, chapter 2 or 3. Instructions on how to fill out 1040ez Who cannot claim a credit. Instructions on how to fill out 1040ez   You cannot take an education credit if any of the following apply. Instructions on how to fill out 1040ez You are claimed as a dependent on another person's tax return, such as your parent's return. Instructions on how to fill out 1040ez Your filing status is married filing separately. Instructions on how to fill out 1040ez You (or your spouse) were a nonresident alien for any part of 2013 and did not elect to be treated as a resident alien for tax purposes. Instructions on how to fill out 1040ez Your MAGI is one of the following. Instructions on how to fill out 1040ez American opportunity credit: $180,000 or more if married filing jointly, or $90,000 or more if single, head of household, or qualifying widow(er). Instructions on how to fill out 1040ez Lifetime learning credit: $127,000 or more if married filing jointly, or $63,000 or more if single, head of household, or qualifying widow(er) . Instructions on how to fill out 1040ez   Generally, your MAGI is the amount on your Form 1040, line 38, or Form 1040A, line 22. Instructions on how to fill out 1040ez However, if you are filing Form 2555, Form 2555–EZ, or Form 4563, or are excluding income from Puerto RIco, add to the amount on your Form 1040, line 38, or Form 1040A, line 22, the amount of income you excluded. Instructions on how to fill out 1040ez For details, see Pub. Instructions on how to fill out 1040ez 970. Instructions on how to fill out 1040ez    Figure 35-A may be helpful in determining if you can claim an education credit on your tax return. Instructions on how to fill out 1040ez The American opportunity credit will always be greater than or equal to the lifetime learning credit for any student who is eligible for both credits. Instructions on how to fill out 1040ez However, if any of the conditions for the American opportunity credit, listed in Table 35-1 earlier, are not met for any student, you cannot take the American opportunity credit for that student. Instructions on how to fill out 1040ez You may be able to take the lifetime learning credit for part or all of that student's qualified education expenses instead. Instructions on how to fill out 1040ez See Pub. Instructions on how to fill out 1040ez 970 for information on other education benefits. Instructions on how to fill out 1040ez Qualified Education Expenses Generally, qualified education expenses are amounts paid in 2013 for tuition and fees required for the student's enrollment or attendance at an eligible educational institution. Instructions on how to fill out 1040ez It does not matter whether the expenses were paid in cash, by check, by credit or debit card, or with borrowed funds. Instructions on how to fill out 1040ez For course-related books, supplies, and equipment, only certain expenses qualify. Instructions on how to fill out 1040ez American opportunity credit: Qualified education expenses include amounts spent on books, supplies, and equipment needed for a course of study, whether or not the materials are purchased from the educational institution as a condition of enrollment or attendance. Instructions on how to fill out 1040ez Lifetime learning credit: Qualified education expenses include amounts for books, supplies, and equipment only if required to be paid to the institution as a condition of enrollment or attendance. Instructions on how to fill out 1040ez Qualified education expenses include nonacademic fees, such as student activity fees, athletic fees, or other expenses unrelated to the academic course of instruction, only if the fee must be paid to the institution as a condition of enrollment or attendance. Instructions on how to fill out 1040ez However, fees for personal expenses (described below) are never qualified education expenses. Instructions on how to fill out 1040ez Qualified education expenses for either credit do not include amounts paid for: Personal expenses. Instructions on how to fill out 1040ez This means room and board, insurance, medical expenses (including student health fees), transportation, and other similar personal, living, or family expenses. Instructions on how to fill out 1040ez Any course or other education involving sports, games, or hobbies, or any noncredit course, unless such course or other education is part of the student's degree program or (for the lifetime learning credit only) helps the student acquire or improve job skills. Instructions on how to fill out 1040ez You should receive Form 1098–T, Tuition Statement, from the institution reporting either payments received in 2013 (box 1) or amounts billed in 2013 (box 2). Instructions on how to fill out 1040ez However, the amount in box 1 or 2 of Form 1098–T may be different from the amount you paid (or are treated as having paid). Instructions on how to fill out 1040ez In completing Form 8863, use only the amounts you actually paid (plus any amounts you are treated as having paid) in 2013, reduced as necessary, as described in Adjustments to Qualified Education Expenses , later. Instructions on how to fill out 1040ez Qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. Instructions on how to fill out 1040ez Qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. Instructions on how to fill out 1040ez If you or the student takes a deduction for higher education expenses, such as on Schedule A or C (Form 1040), you cannot use those expenses in your qualified education expenses when figuring your education credits. Instructions on how to fill out 1040ez Qualified education expenses for any academic period must be reduced by any tax-free educational assistance allocable to that academic period. Instructions on how to fill out 1040ez See Adjustments to Qualified Education Expenses, later. Instructions on how to fill out 1040ez Prepaid Expenses. Instructions on how to fill out 1040ez   Qualified education expenses paid in 2013 for an academic period that begins in the first 3 months of 2014 can be used in figuring an education credit for 2013 only. Instructions on how to fill out 1040ez See Academic period , earlier. Instructions on how to fill out 1040ez For example, if you pay $2,000 in December 2013 for qualified tuition for the 2014 winter quarter that begins in January 2014, you can use that $2,000 in figuring an education credit for 2013 only (if you meet all the other requirements). Instructions on how to fill out 1040ez    You cannot use any amount you paid in 2012 or 2014 to figure the qualified education expenses you use to figure your 2013 education credit(s). Instructions on how to fill out 1040ez Paid with borrowed funds. Instructions on how to fill out 1040ez   You can claim an education credit for qualified education expenses paid with the proceeds of a loan. Instructions on how to fill out 1040ez Use the expenses to figure the credit for the year in which the expenses are paid, not the year in which the loan is repaid. Instructions on how to fill out 1040ez Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student's account. Instructions on how to fill out 1040ez Student withdraws from class(es). Instructions on how to fill out 1040ez   You can claim an education credit for qualified education expenses not refunded when a student withdraws. Instructions on how to fill out 1040ez No Double Benefit Allowed You cannot do any of the following. Instructions on how to fill out 1040ez Deduct higher education expenses on your income tax return (as, for example, a business expense) and also claim an education credit based on those same expenses. Instructions on how to fill out 1040ez Claim more than one education credit based on the same qualified education expenses. Instructions on how to fill out 1040ez Claim an education credit based on the same expenses used to figure the tax-free portion of a distribution from a Coverdell education savings account (ESA) or qualified tuition program (QTP). Instructions on how to fill out 1040ez Claim an education credit based on qualified education expenses paid with educational assistance, such as a tax-free scholarship, grant, or employer-provided educational assistance. Instructions on how to fill out 1040ez See Adjustments to Qualified Education Expenses, next. Instructions on how to fill out 1040ez Adjustments to Qualified Education Expenses For each student, reduce the qualified education expenses paid in 2013 by or on behalf of that student under the following rules. Instructions on how to fill out 1040ez The result is the amount of adjusted qualified education expenses for each student. Instructions on how to fill out 1040ez Tax-free educational assistance. Instructions on how to fill out 1040ez   For tax-free educational assistance received in 2013, reduce the qualified educational expenses for each academic period by the amount of tax-free educational assistance allocable to that academic period. Instructions on how to fill out 1040ez See Academic period , earlier. Instructions on how to fill out 1040ez      Tax-free educational assistance includes:    Tax-free parts of scholarships and fellowships (see chapter 12 of this publication and chapter 1 of Pub. Instructions on how to fill out 1040ez 970), The tax-free part of Pell grants (see chapter 1 of Pub. Instructions on how to fill out 1040ez 970), The tax-free part of employer-provided educational assistance (see Pub. Instructions on how to fill out 1040ez 970), Veterans' educational assistance (see chapter 1 of Pub. Instructions on how to fill out 1040ez 970), and Any other nontaxable (tax-free) payments (other than gifts or inheritances) received as educational assistance. Instructions on how to fill out 1040ez Generally, any scholarship or fellowship is treated as tax-free educational assistance. Instructions on how to fill out 1040ez However, a scholarship or fellowship is not treated as tax-free educational assistance to the extent the student includes it in gross income (if the student is required to file a tax return) for the year the scholarship or fellowship is received and either: The scholarship or fellowship (or any part of it) must be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Instructions on how to fill out 1040ez 970, chapter 1; or The scholarship or fellowship (or any part of it) may be applied (by its terms) to expenses (such as room and board) other than qualified education expenses as defined in Qualified education expenses in Pub. Instructions on how to fill out 1040ez 970, chapter 1. Instructions on how to fill out 1040ez You may be able to increase the combined value of an education credit and certain educational assistance if the student includes some or all of the educational assistance in income in the year received. Instructions on how to fill out 1040ez For details, see Adjustments of Qualified Education Expenses, in chapters 2 and 3 of Pub. Instructions on how to fill out 1040ez 970. Instructions on how to fill out 1040ez Some tax-free educational assistance received after 2013 may be treated as a refund of qualified education expenses paid in 2013. Instructions on how to fill out 1040ez This tax-free educational assistance is any tax-free educational assistance received by you or anyone else after 2013 for qualified education expenses paid on behalf of a student in 2013 (or attributable to enrollment at an eligible educational institution during 2013). Instructions on how to fill out 1040ez If this tax-free educational assistance is received after 2013 but before you file your 2013 income tax return, see Refunds received after 2013 but before your income tax return is filed, later. Instructions on how to fill out 1040ez If this tax-free educational assistance is received after 2013 and after you file your 2013 income tax return, see Refunds received after 2013 and after your income tax return is filed, later. Instructions on how to fill out 1040ez Refunds. Instructions on how to fill out 1040ez   A refund of qualified education expenses may reduce qualified education expenses for the tax year or may require you to repay (recapture) the credit that you claimed in an earlier year. Instructions on how to fill out 1040ez Some tax-free educational assistance received after 2013 may be treated as a refund. Instructions on how to fill out 1040ez See Tax-free educational assistance, earlier. Instructions on how to fill out 1040ez Refunds received in 2013. Instructions on how to fill out 1040ez   For each student, figure the adjusted qualified education expenses for 2013 by adding all the qualified education expenses paid in 2013 and subtracting any refunds of those expenses received from the eligible educational institution during 2013. Instructions on how to fill out 1040ez Refunds received after 2013 but before your income tax return is filed. Instructions on how to fill out 1040ez   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is received before you file your 2013 income tax return, reduce the amount of qualified education expenses for 2013 by the amount of the refund. Instructions on how to fill out 1040ez Refunds received after 2013 and after your income tax return is filed. Instructions on how to fill out 1040ez   If anyone receives a refund after 2013 of qualified education expenses paid on behalf of a student in 2013 and the refund is received after you file your 2013 income tax return, you may need to repay some or all of the credit that you claimed. Instructions on how to fill out 1040ez See Credit recapture, next. Instructions on how to fill out 1040ez Credit recapture. Instructions on how to fill out 1040ez    If any tax-free educational assistance for the qualified education expenses paid in 2013, or any refund of your qualified education expenses paid in 2013, is received after you file your 2013 income tax return, you must recapture (repay) any excess credit. Instructions on how to fill out 1040ez You do this by refiguring the amount of your adjusted qualified education expenses for 2013 by reducing the expenses by the amount of the refund or tax-free educational assistance. Instructions on how to fill out 1040ez You then refigure your education credit(s) for 2013 and figure the amount by which your 2013 tax liability would have increased if you had claimed the refigured credit(s). Instructions on how to fill out 1040ez Include that amount as an additional tax for the year the refund or tax-free assistance was received. Instructions on how to fill out 1040ez Example. Instructions on how to fill out 1040ez    You paid $8,000 tuition and fees in December 2013 for your child's Spring semester beginning in January 2014. Instructions on how to fill out 1040ez You filed your 2013 tax return on February 3, 2014, and claimed a lifetime learning credit of $1,600 ($8,000 qualified education expense paid x . Instructions on how to fill out 1040ez 20). Instructions on how to fill out 1040ez You claimed no other tax credits. Instructions on how to fill out 1040ez After you filed your return, your child withdrew from two courses and you received a refund of $1,400. Instructions on how to fill out 1040ez You must refigure your 2013 lifetime learning credit using $6,600 ($8,000 qualified education expenses − $1,400 refund). Instructions on how to fill out 1040ez The refigured credit is $1,320 and your tax liability increased by $280. Instructions on how to fill out 1040ez You must include the difference of $280 ($1,600 credit originally claimed − $1,320 refigured credit) as additional tax on your 2014 income tax return. Instructions on how to fill out 1040ez See the instructions for your 2014 income tax return to determine where to include this tax. Instructions on how to fill out 1040ez If you also pay qualified education expenses in 2014 for an academic period that begins in the first 3 months of 2014 and you receive tax-free educational assistance, or a refund, as described above, you may choose to reduce your qualified education expenses for 2014 instead of reducing your expenses for 2013. Instructions on how to fill out 1040ez Amounts that do not reduce qualified education expenses. Instructions on how to fill out 1040ez   Do not reduce qualified education expenses by amounts paid with funds the student receives as: Payment for services, such as wages, A loan, A gift, An inheritance, or A withdrawal from the student's personal savings. Instructions on how to fill out 1040ez   Do not reduce the qualified education expenses by any scholarship or fellowship reported as income on the student's tax return in the following situations. Instructions on how to fill out 1040ez The use of the money is restricted, by the terms of the scholarship or fellowship, to costs of attendance (such as room and board) other than qualified education expenses, as defined in Chapter 1 of Pub. Instructions on how to fill out 1040ez 970. Instructions on how to fill out 1040ez The use of the money is not restricted. Instructions on how to fill out 1040ez   For examples, see chapter 2 in Pub. Instructions on how to fill out 1040ez 970. Instructions on how to fill out 1040ez Figure 35-A. Instructions on how to fill out 1040ez Can You Claim an Education Credit for 2013? This image is too large to be displayed in the current screen. Instructions on how to fill out 1040ez Please click the link to view the image. Instructions on how to fill out 1040ez Figure 35-A. Instructions on how to fill out 1040ez Can You Claim an Education Credit for 2013? Prev  Up  Next   Home   More Online Publications