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Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Saturday, July 9, 2011

Did you take your Education Credit on your Taxes this Year?

So, I have been getting a flurry of calls wanting to know whether its worth filing an amendment to take advantage of the various education credits that many people seem to have missed out on this year. Why?

Well, you generally get a 1098-T tax reporting form, from your school which states the amount of eligible tuition and fees received and also a counter balance accounting of the scholarships and grants you received.   Some schools have adopted the policy that they will not generate a 1098-T for the student if their records show that the amount of grants and scholarships that a student receives is