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 Posted 7:48 PM Mar. 1, 2010
PT 13 Pub 970 (2009), Tax Benefits for Education
Symbols
- 529 program (see Qualified tuition program (QTP))
A
- Academic period:
- American opportunity credit, Academic period.
- Hope credit, Academic period.
- Lifetime learning credit, Academic period.
- Student loan interest deduction, Academic period.
- Tuition and fees deduction, Academic period.
- Accountable plans, Accountable Plans, Allocating your reimbursements for meals.
- Additional tax:
- Coverdell ESA:
- On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax.
- On taxable distributions, Additional Tax on Taxable Distributions
- IRA distributions, education exception, Education Exception to Additional Tax on Early IRA Distributions
- Qualified tuition program (QTP), on taxable distributions, Additional Tax on Taxable Distributions
- Adjusted qualified education expenses (see Qualified education expenses)
- American opportunity credit
- Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution
- Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- American opportunity credit:
- Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses
- Claiming dependent's expenses, Who Can Claim a Dependent's Expenses, Tuition reduction.
- Claiming dependent's expenses:
- Tuition reduction, Tuition reduction.
- Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit
- Claiming the credit:
- Qualifying to claim (Figure 2-1),
- Eligible educational institution, Eligible educational institution.
- Eligible student, Who Is an Eligible Student
- Eligible student:
- Requirements (Figure 2-2),
- Expenses qualifying for, What Expenses Qualify, Example 2.
- Figuring the credit, Figuring the Credit
- Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout.
- Income limits, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout.
- Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI).
- Modified adjusted gross income (MAGI):
- Worksheet 2-1, Claiming the Credit
- Overview of American opportunity credit (Table 2-1):, Introduction
- Phaseout, Phaseout.
- Qualified education expenses, Qualified Education Expenses
- Refunds, Refunds.
- Repayment of credit, When Must the Credit Be Repaid (Recaptured)
- Tax benefit of, What is the tax benefit of the American opportunity credit.
- Armed Forces Health Professions Scholarship and Financial Assistance Program, Exceptions.
- Assistance (see Tax help)
- Athletic scholarships, Athletic Scholarships
B
- Bar review course, Bar or CPA Review Course
- Bonds, education savings (see Education savings bond program)
- Business deduction for work-related education, Business Deduction for Work-Related Education, Illustrated Example
- Business deduction for work-related education:
- Accountable plans, Accountable Plans, Allocating your reimbursements for meals.
- Adjustments to qualifying work-related education expenses, Adjustments to Qualifying Work-Related Education Expenses
- Allocating meal reimbursements, Allocating your reimbursements for meals.
- Deductible education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses
- Deducting business expenses, Deducting Business Expenses, Impairment-Related Work Expenses
- Double benefit not allowed, No Double Benefit Allowed
- Education required by employer or by law, Education Required by Employer or by Law
- Education to maintain or improve skills, Education To Maintain or Improve Skills
- Education to meet minimum requirements, Education To Meet Minimum Requirements, Certification in a new state.
- Education to qualify for new trade or business, Education That Qualifies You for a New Trade or Business, Teaching and Related Duties
- Excess expenses, accountable plan, Excess expenses., Allocating your reimbursements for meals.
- Indefinite absence, Education during indefinite absence.
- Maintaining skills vs. qualifying for new job, Maintaining skills vs. qualifying for new job.
- Nonaccountable plans, Nonaccountable Plans
- Nondeductible expenses, Nondeductible expenses.
- Qualified education expenses, What Expenses Can Be Deducted, Adjustments to Qualifying Work-Related Education Expenses
- Recordkeeping requirements, Recordkeeping, Examples of records to keep.
- Reimbursements, treatment of, How To Treat Reimbursements, Reimbursements for nondeductible expenses.
- Tax benefit of, What is the tax benefit of taking a business deduction for work-related education.
- Tax-free educational assistance, Tax-free educational assistance.
- Teachers, Requirements for Teachers, Teaching and Related Duties
- Temporary absence to acquire education, Education during temporary absence.
- Transportation expenses, Transportation Expenses, Using your car.
- Travel expenses, Travel Expenses
C
- Cancellation of student loan (see Student loan cancellation)
- Candidate for a degree:
- Scholarships and fellowships, Candidate for a degree.
- Change of designated beneficiary:
- Coverdell ESA, Changing the Designated Beneficiary
- Qualified tuition program, Changing the Designated Beneficiary
- Collapsed loans, Interest on refinanced student loans.
- Comments on publication, Comments and suggestions.
- Comprehensive or bundled fees:
- American opportunity credit, Comprehensive or bundled fees.
- Hope credit, Comprehensive or bundled fees.
- Lifetime learning credit, Comprehensive or bundled fees.
- Tuition and fees deduction, Comprehensive or bundled fees.
- Consolidated loans used to refinance student loans, Interest on refinanced student loans.
- Conventions outside U.S., Cruises and conventions.
- Coverdell education savings account (ESA), Coverdell Education Savings Account (ESA), Worksheet 8-3.Coverdell ESA—Taxable Distributions and Basis
- Coordination with American opportunity, Hope, and lifetime learning credits, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Coverdell education savings account (ESA):, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Additional tax:
- On excess contributions, Additional Tax on Excess Contributions, Figuring and reporting the additional tax.
- On taxable distributions, Additional Tax on Taxable Distributions
- Assets to be distributed at age 30 or death of beneficiary, When Assets Must Be Distributed
- Contribution limits, Contribution Limits, Figuring the limit.
- Contribution limits:
- Figuring the limit (Worksheet 8-2), Figuring the limit.
- Contributions to, Contributions, Figuring and reporting the additional tax.
- Contributions to:
- Table 8-2, Contributions
- Coordination with qualified tuition program (QTP), Coordination With Qualified Tuition Program (QTP) Distributions
- Defined, What Is a Coverdell ESA
- Distributions, Distributions, How To Figure the Taxable Earnings
- Distributions:
- Overview (Table 8-3), Distributions
- Divorce, transfer due to, Transfer Because of Divorce
- Eligible educational institution, Eligible Educational Institution
- Figuring taxable portion of distribution, Figuring the Taxable Portion of a Distribution
- Figuring taxable portion of distribution:
- Worksheet 8-3, Worksheet 8-3.Coverdell ESA—Taxable Distributions and Basis
- Figuring the taxable earnings in required distribution, How To Figure the Taxable Earnings
- Losses, Losses on Coverdell ESA Investments
- Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI)., MAGI when using Form 1040NR-EZ.
- Modified adjusted gross income (MAGI):
- Worksheet 8-1,
- Overview (Table 8-1), Coverdell Education Savings Account (ESA)
- Qualified education expenses, Qualified Education Expenses, Qualified Elementary and Secondary Education Expenses
- Rollovers, Rollovers
- Tax benefit of, What is the tax benefit of the Coverdell ESA.
- Tax-free distributions, Tax-Free Distributions
- Taxable distributions, Taxable Distributions, Figuring the additional tax.
- Taxable distributions:
- Worksheet 8-3 to figure, Worksheet 8-3.Coverdell ESA—Taxable Distributions and Basis
- Transfers, Rollovers
- CPA review course, Bar or CPA Review Course
- Credits
- Hope (see Hope credit)
- Lifetime learning (see Lifetime learning credit)
- Credits:
- American opportunity (see American opportunity credit)
- Cruises, educational, Cruises and conventions.
D
- Deductions (see Business deduction for work-related education)
- Designated beneficiary:
- Coverdell ESA, What Is a Coverdell ESA, Changing the Designated Beneficiary
- Qualified tuition program (QTP), Designated beneficiary., Changing the Designated Beneficiary
- Disabilities, persons with:
- Impairment-related work expenses, Impairment-Related Work Expenses
- Distributions (see specific benefit )
- Divorce:
- Coverdell ESA transfer due to, Transfer Because of Divorce
- Expenses paid under decree:
- American opportunity credit, Expenses paid by dependent.
- Hope credit, Expenses paid by dependent.
- Lifetime learning credit, Expenses paid by dependent.
- Tuition and fees deduction, Expenses paid under divorce decree.
- Double benefit not allowed:
- American opportunity credit, No Double Benefit Allowed
- Hope credit, No Double Benefit Allowed
- Lifetime learning credit, No Double Benefit Allowed
- Student loan interest deduction, No Double Benefit Allowed
- Tuition and fees deduction, No Double Benefit Allowed
- Work-related education, No Double Benefit Allowed
E
- Early distributions from IRAs, Education Exception to Additional Tax on Early IRA Distributions, Reporting Early Distributions
- Early distributions from IRAs:
- Eligible educational institution, Eligible educational institution.
- Figuring amount not subject to 10% tax, Figuring the Amount Not Subject to the 10% Tax
- Qualified education expenses, Qualified education expenses.
- Reporting, Reporting Early Distributions
- Education IRA (see Coverdell education savings account (ESA))
- Education loans (see Student loan interest deduction)
- Education savings account (see Coverdell education savings account (ESA))
- Education savings bond program, Education Savings Bond Program,
- Education savings bond program:
- Cashing in bonds tax free, Who Can Cash In Bonds Tax Free, MAGI when using Form 1040.
- Claiming dependent's exemption, Dependent for whom you claim an exemption.
- Claiming exclusion, Claiming the Exclusion
- Eligible educational institution, Eligible educational institution.
- Figuring tax-free amount, Figuring the Tax-Free Amount
- Income level, effect on amount of exclusion, Effect of the Amount of Your Income on the Amount of Your Exclusion
- Income limits for exclusion reduction, What's New
- Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI)., MAGI when using Form 1040.
- Phaseout, Effect of the Amount of Your Income on the Amount of Your Exclusion
- Qualified education expenses, Qualified education expenses.
- Educational assistance, employer-provided (see Employer-provided educational assistance)
- Eligible educational institution:
- American opportunity credit, Eligible educational institution.
- Cancellation of student loan, Eligible educational institution.
- Coverdell ESA, Eligible Educational Institution
- Early distributions from IRAs, Eligible educational institution.
- Education savings bond program, Eligible educational institution.
- Hope credit, Eligible educational institution.
- Lifetime learning credit, Eligible educational institution.
- Qualified tuition program (QTP), Eligible educational institution.
- Qualified tuition reduction, Qualified Tuition Reduction
- Scholarships and fellowships, Eligible educational institution., Eligible educational institution.
- Student loan cancellation, Eligible educational institution.
- Student loan interest deduction, Eligible educational institution.
- Tuition and fees deduction, Eligible educational institution.
- Eligible elementary or secondary school:
- Coverdell ESA, Eligible elementary or secondary school.
- Eligible student:
- American opportunity credit, Who Is an Eligible Student
- Hope credit, Who Is an Eligible Student
- Lifetime learning credit, Who Is an Eligible Student
- Student loan interest deduction, Eligible student.
- Tuition and fees deduction, Who Is an Eligible Student
- Employees:
- Deducting work-related education expenses, Employees
- Employer-provided educational assistance, Employer-Provided Educational Assistance, Working condition fringe benefit.
- ESAs (see Coverdell education savings account (ESA))
- Estimated tax, Reminders
- Excess contributions:
- Coverdell ESA, Additional Tax on Excess Contributions, Figuring and reporting the additional tax.
- Excess expenses, accountable plan, Excess expenses., Allocating your reimbursements for meals.
- Expenses (see specific benefit )
F
- Family members, beneficiary:
- Coverdell ESA, Members of the beneficiary's family.
- Qualified tuition program (QTP), Members of the beneficiary's family.
- Fee-basis officials, work-related education deduction, Performing Artists and Fee-Basis Officials
- Fellowships (see Scholarships and fellowships)
- Figures (see Tables and figures)
- Financial aid (see Scholarships and fellowships)
- Form 1098-E:
- Student loan interest deduction, Loan origination fee., Form 1098-E.
- Form 1098-T:
- American opportunity credit, Form 1098-T.
- Hope credit, Form 1098-T., Illustrated Example
- Lifetime learning credit, Form 1098-T.
- Tuition and fees deduction, Form 1098-T.
- Form 1099-Q:
- Coverdell ESA, Exceptions., Earnings and basis.
- Qualified tuition program (QTP), Earnings and return of investment.
- Form 1099-R:
- Early distributions from IRAs, Reporting Early Distributions
- Form 2106, 50% limit on meals., Form 2106 or 2106-EZ.
- Form 2106-EZ, 50% limit on meals., Form 2106 or 2106-EZ., Using Form 2106-EZ.
- Form 2106-EZ:
- Filled-in example,
- Form 5329:
- Coverdell ESA, Figuring the additional tax.
- Early distributions from IRAs, Reporting Early Distributions
- Qualified tuition program (QTP), Figuring the additional tax.
- Form 8815, MAGI when using Form 1040., Claiming the Exclusion
- Form 8815:
- Filled-in example,
- Form 8863:
- American opportunity credit,
- Filled-in examples, , , ,
- Hope credit,
- Lifetime learning credit,
- Form 8917:
- Filled-in examples,
- Form W-9S, Form 1098-T., Form 1098-T., Form 1098-T., Form 1098-E., Form 1098-T.
- Free tax services, How To Get Tax Help
- Fulbright grants, Fulbright Grants
H
- Half-time student:
- American opportunity credit, Enrolled at least half-time.
- Coverdell ESA, Half-time student.
- Early distributions from IRAs, Half-time student.
- Hope credit, Enrolled at least half-time.
- Student loan interest deduction, Enrolled at least half-time.
- Help (see Tax help)
- Hope credit, What's New, Illustrated Example
- Hope credit:
- Academic period, Academic period.
- Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses
- Claiming dependent's expenses, Who Can Claim a Dependent's Expenses, Tuition reduction.
- Claiming dependent's expenses:
- Tuition reduction, Tuition reduction.
- Claiming the credit, Who Cannot Claim the Credit, Claiming the Credit
- Claiming the credit:
- Qualifying to claim (Figure 3-1),
- Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Eligible educational institution, Eligible educational institution.
- Eligible student, Who Is an Eligible Student
- Eligible student:
- Requirements (Figure 3-2),
- Expenses qualifying for, What Expenses Qualify
- Figuring the credit, Figuring the Credit, Phaseout.
- Income level, effect on amount of credit, Effect of the Amount of Your Income on the Amount of Your Credit, Phaseout.
- Income limits, What's New, Effect of the Amount of Your Income on the Amount of Your Credit
- Modified adjusted gross income (MAGI), Modified adjusted gross income (MAGI).
- Modified adjusted gross income (MAGI):
- Worksheet 3-1,
- Overview of the Hope credit:
- Overview (Table 3-1),
- Phaseout, Phaseout.
- Qualified education expenses, Qualified Education Expenses
- Refunds, Refunds.
- Repayment of credit, When Must the Credit Be Repaid (Recaptured)
- Tax benefit of, What is the tax benefit of the Hope credit.
L
- Lifetime learning credit, What's New, Illustrated Example
- Lifetime learning credit:, Differences between the American opportunity, Hope, and lifetime learning credits.
- Academic period, Academic period.
- Adjustments to qualified education expenses, Adjustments to Qualified Education Expenses
- Claiming dependent's expenses, Who Can Claim a Dependent's Expenses
- Claiming dependent's expenses:
- Tuition reduction, Tuition reduction.
- Claiming the credit, Can You Claim the Credit, Who Cannot Claim the Credit, Claiming the Credit
- Claiming the credit:
- Qualifying to claim (Figure 4-1),
- Coordination with Coverdell ESA distributions, Figuring the Taxable Portion of a Distribution, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Coordination with qualified tuition program (QTP) distributions, Coordination With American Opportunity, Hope, and Lifetime Learning Credits
- Eligible educational institution, Eligible educational institution.
- Eligible student, Who Is an Eligible Student
- Expenses qualifying for, What Expenses Qualify, Amounts that do not reduce qualified education expenses.
- Figuring the credit, Figuring the Credit, Illustrated Example
- Income level, effect on amount of credit,
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