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You should get the necessary tax form from your school automatically. It will list interest paid, tuition, grants/scholarships, etc. I give it all to my tax preparer, but I'm sure if you do it yourself the forms you get from the IRS will tell you what numbers you need to plug in on the return.
Don't forget things for education you may have paid for out-of-pocket. I pay for all of my books (and we KNOW how expensive nursing books can be!!) and things like uniforms - whatever you need for school, even subscriptions to nursing journals, if they're required. These are all deductible or claimable (is that a word??? LOL) expenses.
snwflknurse
66 Posts
Anyone know if I'm supposed to claim student loan money as income? It would seem like it, but I just went through the whole Turbo Tax thing and it didn't ask about student loans. Also, it would seem like if it's something I'm supposed to claim, that the loan company would send me a document, just like the mortgage companies and the employers do, reminding me to claim that on my taxes.
WHat did you guys do?