Search results
Purpose of Form. Use Form 8917 to figure and take the deduction for tuition and fees expenses paid in 2017. This deduction is based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary). See Qualified Education Expenses, later, for more information.
- 93KB
- 3
People also ask
How do I deduct tuition and fees in 2017?
How do I calculate the tax deduction for tuition and fees?
What is the Tuition and Fees Deduction?
Can I claim a tuition and Fees deduction for a student?
May 7, 2021 · Information about Form 8917, Tuition and Fees Deduction, including recent updates, related forms and instructions on how to file. Form 8917 is used to figure and take the deduction for tuition and fees expenses paid in this tax year.
Use this form for qualified tuition and fees paid in 2018, 2019, or 2020, and later years if legislation extends the deduction (see instructions). File a separate Form 8917 for each year after 2017 for which you qualify to take the deduction.
- 133KB
- 1
May 13, 2022 · The tuition and fees deduction was on unsteady footing after the passing of the Tax Cuts and Jobs Act (TCJA) in 2017. That legislation ended this tax break. However, Congress revived the deduction the next year with the Bipartisan Budget Act of 2018 (BBA). The BBA retroactively renewed it for the 2017 tax year, but the deduction was set to ...
- How The Tuition and Fees Deduction Works
- Who Is Eligible to Claim The Tuition and Fees Deduction?
- Qualified Expenses For The Tuition and Fees Deduction
- Coordinating The Tuition and Fees Deduction with 529 Plan Distributions
With the Tuition and Fees Deduction, eligible taxpayers may deduct up to $4,000 in qualified higher education expenses as an above-the-line exclusion from income. An above-the-line exclusion from income means taxpayers may claim the deduction even if they do not itemize deductions on Schedule A. The Tuition and Fees Deduction was set to expire at t...
Taxpayers who meet the following requirements may claim the Tuition and Fees Deduction for the 2019 or 2020 tax year, or for the 2018 tax year by filing an amended return: 1. Taxpayers with a 2018, 2019 or 2020 annual modified adjusted gross income up to $65,000 ($130,000 if married filing jointly) may claim a maximum $4,000 deduction. 2. Taxpayers...
Qualified expenses for the Tuition and Fees Deduction generally include tuition and fees required for enrollment or attendance at an eligible educational institution. Other qualified expenses include: 1. Costs of required textbooks, supplies and equipment paid to the college or university 1. Courses involving sports, games or hobbies, but only if t...
Like other federal education tax benefits, there is no double-dipping with the Tuition and Fees Deduction. When calculating total qualified higher education expenses for the Tuition and Fees Deduction, taxpayers must subtract any expenses that were used to justify other income tax benefits, including: 1. The tax-free earnings portion of a qualified...
Jan 8, 2024 · If you’re not relying solely on student loans or grants and are instead paying some of your own money toward tuition and fees, you may be able to deduct those expenses from your income taxes. To do so, you’ll use IRS Form 8917, but only for expenses incurred in tax years 2018, 2019 and 2020.
Sep 2, 2022 · Form 8917 is the Internal Revenue Service (IRS) tax form that a taxpayer must fill out to receive a tax deduction called the tuition and fees deduction.
