Getting tuition money back from IRS???

srose · Jan 13, 2003

yep, i've done this for the past two years....it's WONDERFUL!!

mona b RN, BSN, RN · Jan 13, 2003

I've never heard of that one. What are the qualifications? There always seems to be something that stops me and hubby from getting any kind of break in taxes. I'll have to check this one out.

mona b

emily_mom · Jan 13, 2003

You can only take it for 2 years though, correct? Maybe they have changed it. But, that is minus your grants and loans...whatever you pay out of pocket (not books or fees). I get all of my schooling paid for between loans/grants, so it kind of sucks for me.

Kristy

BBFRN, BSN, PhD · Jan 13, 2003

Yes, go to the IRS website and D/L the PDF for form 8863. You can't file Married Filing Separately, though, and your adjusted gross income can't be more than $102,000 if filing jointly. Good Luck!

RNIAM, BSN, RN · Jan 13, 2003

I wish that was for me but I'm a loan person as well. bummer

2banurse · Jan 13, 2003

Rhona1,

If you are within your first two years of college, you can take the Hope Credit. If you have been in school longer, you can take the lifetime education grant.

If you get grants, you can't use it, but you can if you have student loans, because that is how I've been getting through school.

Kris

RNIAM, BSN, RN · Jan 13, 2003

2banurse

Thank you so much for that info.I am going to apply this year. It is so hard financially. I don't know about you but it seems like we are getting deeper and deeper into debt. Sometimes I wonder if we will ever get out. this will sure help.I plan on checking into it right away!

PennyLane, RN · Jan 13, 2003

Wow--is this for real? I'm printing off the forms now...

tabbeycatt · Jan 13, 2003

What a blessing! Thanks for the info. Can definately use the extra $$!

Hidi74 · Jan 14, 2003

My dad got me the forms today........I am so freakin excited. It also says that the refund includes money paid in the first 3 months of 2003. That means I get back what I paid for this semester........YIPPEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

PennyLane, RN · Jan 14, 2003

I saw that too Hidi! I printed off two forms, one for me and one for my roommate. I really hope I can get that $1,000! :roll