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  • Form 8917 For 2007

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However the amounts in boxes 1 and 2 of Form 1098-T may be different than what you actually paid. On Form 8917 line 1 enter only the amounts you paid in 2007 for qualified expenses. See Tax-free educational assistance and refunds of qualified education expenses on page 2. General Instructions Purpose of Form Use Form 8917 to figure and take the deduction for tuition and fees expenses paid in 2007. More information on nonresident aliens can be fou.

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Form 8917 - Internal Revenue Service
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IRS Form 8917 and Form 8863 both deal with education expenses. Form 8917 offers a tax deduction called the Tuition and Fees Deduction, while Form 8863 offers two tax credits. The two tax credits you can claim on Form 8863 are the American Opportunity Tax Credit and the Lifetime Learning Credit.

An eligible educational institution is generally any accredited public, nonprofit, or proprietary (private) college, university, vocational school, or other postsecondary institution. Also, the institution must be eligible to participate in a student aid program administered by the Department of Education.

The taxpayer, spouse or dependent has received or will receive a Form 1098-T from an eligible domestic or foreign education institution. If the college isn't required to send Form 1098-T, the taxpayer must be able to demonstrate they were enrolled at the college and paid for qualified expenses.

Use Form 8917 (Rev. January 2020) to figure and take the deduction for tuition and fees expenses paid in calendar years 2018, 2019, and 2020, and later years if the deduction is extended. This deduction is based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary).

IRS Form 8917 and Form 8863 both deal with education expenses. Form 8917 offers a tax deduction called the Tuition and Fees Deduction, while Form 8863 offers two tax credits. The two tax credits you can claim on Form 8863 are the American Opportunity Tax Credit and the Lifetime Learning Credit.

Form 8917 is an Internal Revenue Service (IRS) tax form that accompanies Form 1040 and is used to claim the tuition and fees deduction. A taxpayer who filed Form 8863 for educational tax credits is not eligible to claim the same educational expenses for a tax deduction on Form 8917.

Use Form 8917 to figure and take the deduction for tuition and fees expenses paid.

Use Form 8863 to figure and claim your education credits, which are based on qualified education expenses paid to an eligible postsecondary educational institution. There are two education credits. The American Opportunity Credit, part of which may be refundable. The Lifetime Learning Credit, which is nonrefundable.

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Keywords relevant to Form 8917 For 2007

  • nonresident
  • ESA
  • refigured
  • 37728P
  • qtp
  • 2555-EZ
  • FSA
  • Distributions
  • Rico
  • nonacademic
  • Coverdell
  • noncredit
  • refigure
  • credential
  • worksheet
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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232