Ask Experts Questions for FREE Help !
Ask
    koba58's Avatar
    koba58 Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Apr 5, 2008, 10:48 AM
    Education Credit if Tuition was paid with TA stipend
    My wife and I are filing jointly as resident alien as we have exceeded our 5 year limit on F visa. She worked as a TA at her school and was paid teaching assistanship (tax withheld). We paid for her tuition (Box 2 of 1098-T) using both the stipend she earned via TA and from our own fund. In this case, can we claim for education credit for the total amount shown in Box 2 of 1098-T or should we claim only for the amount that we paid from our own fund (ie. Box 2 minus stipend from TAship).

    Hope someone can help us!

    Thanks
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Apr 6, 2008, 12:38 AM
    This in not an answet to your question. May be it will help:
    You may be able to get Tuition and fees deduction of up to $4000 as adjustment to income on Form 1040, line 34 or 1040A, line 19. For this you need to do Form 8917 (Tuition and Fees Deduction). Complete Form 8917 to see if you qualify for the deduction.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tuition fees paid for F-1 Visa holder - deductible or not? [ 9 Answers ]

Hi, I am a resident alien for tax purposes. My brother was in graduate school in 2007. He is on F-1 Visa and therefore not a resident alien for tax purposes. Thus, I cannot claim him as a dependent. I paid for his fees and expenses. Can I deduct this fees from my taxable income since I paid...

Higher education claim, paid 08 schooling in 07. [ 1 Answers ]

I received a 1098 with my tuition that I paid in 2007. It also included tuition for a spring class for 2008. That amount was paid sometime in December. According to Pub 970 (Publication 970 (2007), Tax Benefits for Education) , under the section titled "What expenses qualify" it says that I can...

Can I Deduct for Tuition I Paid When Not Claiming Child As Dependent? [ 2 Answers ]

I am divorced. My daughter is a full time college student. Her father and I share her college expenses. We also alternate years when we claim her as a dependent. This is his year to do so. Are there any deductions related to her tuition that I can claim?

Deduction on Education loan paid in India [ 2 Answers ]

I am currently on H1B in USA. I have paid around $3000 in 2007 in my education loan in India. Can I get any deduction on that? They loan was taken in india in a indian bank Thanks Sumesh

From OPT to H1B, about tuition tax credit [ 1 Answers ]

Hi, I hold F1 from 1/1/2006 to 6/14/2006, then OPT to 11/26/2006, then H1B to end of the year, I wonder can I file as a resident? From 1040 instrction, it seems that I can not because I can not pass the presence test, but it is said that if my status was changed to H1 before 12/1/2006, I have...

View more questions Search