Questions tagged [education]
a generic tag related to studies. Country specific tags are recommended. Related tags "student-loan", "taxes" maybe used depending on the question.
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Can I get Lifetime Learning Credit as a nonresident alien if I am a resident alien for tax purposes?
I have been in the US for 8 years as an F1 student and I am a nonresident alien, but I am a resident alien for tax purposes. Can I claim LLC?
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Question about taxability of fellowships in academia
I asked a similar question here and was redirected to this site. I am a postdoctoral trainee (not a student) on a fellowship at a US university. I have no documentation of my fellowship money other ...
user122431
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529 Funds and Scholarship Refunds
I have a unique situation with my college billing:
For a handful of semesters at a local community college, I had to pay for my schooling (nothing special there), and I continued to do so like normal ...
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Voluntarily treat scholarships as taxable income to get AOTC?
Our AGI is less than $160K and we therefore qualify for the AOTC for our child's college education.
However, due to scholarships our child receives and that are paid directly to the school, qualified ...
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Is there an annual limit to how much money can be sent to a grandson for higher education?
How can a grandfather send money to grandson(US citizen) for US higher education?
Is there a limit per year ?
Does grandson have to pay gift tax to US government?
What documents are needed by ...
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US Income Tax: Continuing Education Deduction for New Job
I started a new job as a manager in September 2021. This was my first management job. In October 2021 I spent $52,000 on a continuing education course (executive education) focused on leadership. The ...
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Claiming Educational expenses for my spouse - married filing jointly
My spouse is preparing for the CPA and I am wondering if I can claim her course related expenses while filing 2021 taxes?
Q1. In 2021, there were only exam related and books related expenses. Are ...
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Tax Implications of employee education assistance reimbursement the following year
The company I work for offers an Educational Assistance Plan and I took classes over the Spring and Fall semesters of 2021. The company requires final grades before reimbursing the expense and so I ...
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What does the FAFSA mean by academic year?
Suppose you go to college with credits, which makes you an academic sophomore. I would assume you should go with the # of years you spend in college, not your academic progression, when filling out ...
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Is it legal for a college to ask for your 12-month bank transaction history?
I'm trying to pull together my in-state residency petition before my fall bill is due after finding out suddenly that my residency was listed as out-of-state while I was on scholarship. The petition ...
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How broadly are qualified expenses defined for the Lifetime Learning Tax Credit?
The IRS allows 20% of up to $10,000 of "qualified education expenses" to be applied to one's tax bill via the Lifetime Learning Credit (LLC). I've been searching for more information ...
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Should I follow Robert Kiyosaki's advice and drop out of college?
Robert Kiyosaki's books completely changed the way I look at my education. Robert Kiyosaki said that "'A' students work for 'C'" students, so I thought: what's the point in being an 'A' ...
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Indian Income Tax System Rebate on Education Loan and House Rent
I am a recent graduate and will be starting my job in a couple of days.
My offer Letter says
CTC Offered:
● X LPA (can't disclose the actual amount) -> fixed
and it is written that:
Applicable ...
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Is an academic career financially feasible for me?
I'm a nontraditional student interested in pursuing an academic career in the humanities. However, I'm trying to decide whether this is a financially feasible path for me. By the time I'd complete my ...
user99213
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Should I sell investments to pay for grad school?
I'm planning to attend graduate school (USA), which will cost around 200k over 3 years. I have about 200k in highly appreciated stock (basis average of 100k, long-term gain) in a personal investment ...
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