Tuesday, July 27, 2010

How can I Claim Education Credits?

Education Credits

If you (or your dependent) paid qualified expenses in 2008 for yourself, your spouse, or your dependent to enroll in or attend an eligible educational institution, you may be able to take an education credit, subject to certain conditions.

Note. If a student is claimed as a dependent on another person’s tax return, only the person who claims the student as a dependent can claim the credits for the student’s qualified education expenses. If a student is not claimed as a dependent on another person’s tax return, only the student can claim the credits.


To Read More : How can I Claim Education Credits?

Source : Business Documents Filing in 50 States

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