How do I determine which college tuition levy deduction/credit I am entitled to?
My son (age 19) started college in trickle 2007. I made monthly payments towards his college tuition/room board. I received a 1098 recently. I do not grasp this form, plus it is in my son's given name even though I am making the payments.Thanks for any help!!
Answers: You can claim it as he is your dependent. You inevitability to look up the information for the Hope credit. You don't have to appreciate the 1098 in writ to use it. Just insert the amounts in the boxes! You must profile the 1040 in direct to use it. I believe their is at least a worksheet or form you will want, too. It should all be within the FAQ section I found for you.
http://search.irs.gov/web/query.html?col...
How do i find out how much i receive on my tax refund?
Answers: if you have your w-2 , go to taxact.com and enter your information. they don't charge unless you file.
Do one income marriages get $1200 or $600 in the new tax rebate announced today?
Answers: A married couple filing jointly will get the $1200.
don't count on it till late September , just before elections .