I own a Scholorship, the rest remunerated by my student loan - can i claim the hope credit?
According to my 1098-T my qualified tuition (box 2) is $27,537, my scholorship (box 5) is for $22,688, the difference being $4,849 which is truly paid to the university by my student loan (not directly out of my bank).I'm in my second year of college presently, full time studying for my Arts Degree.
Can i claim the Hope Credit? Turbo Tax is saying i can if i put surrounded by these figures, but "no" if i simply put in the amount of tuition i in truth physically paid out of my sandbank account, i.e. not including the money salaried to the college by the loan company.
Your thoughts appreciated.
James
Answers: You have to include the amount you salaried with a loan because explicitly the same as paying dosh. You will be repaying it. If you are a Freshman or Sophomore, you can claim the credit.
What are some tax deductions single people with no kids can get?
Answers: Here's a list of the approved IRS income tax deductions. There are many on there that you could possibly take even being single with no kids.
Good luck!
mortgage interest
real estate tax
Personal property tax
state tax
medical bills if they are high enough
charitable donations
unreimbursed business expenses
education credits
bad debts
capital losses on stocks/bonds
Mortgage interest, real estate taxes, business expenses, gambling losses, loss from theft or fire, moving expenses.
Has anyone received their NY Tax Refund nonetheless?
Just curious. I filed on 1/23 near direct deposit. Was 3 weeks yesterday and I haven't received anything. I've checked numerous times with the discount status website and all it say is that "we've received your tax return and it's man processed. No further information is available." I've already received my federal so I'm wondering about the state. I don't know anyone who have received theirs yet! Thanks.Answers: same problem here... still waiting... this holiday weekend... i hope i grasp it...
same here. efiled at a tax bureau on 1/23/08. not here yet.