Paymybill - How do I know if I qualify for an education tax credit, and how do I claim it if I qualify?
Qualifications for an education tax credit and how to claim it
The IRS provides an interactive online service that can help you determine if you are eligible for a tax credit. You can find this service at https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit. You may also get more complete information about 1098-T and education tax credits by referring to the IRS Website and review the current versions of the following documents:
- IRS Publication 970, Tax Benefits for Education
- Form 8863, Education Credits
- Form 1040 or 1040A Instructions
- Form 1098-T, Tuition Statement
- or consult your tax advisor