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Ans) Qualified Education Expenses Non-Qualified Education Expenses Departmental Scholarships, Fellowships and Grants to U.S. Resident and Citizen students Form 1098T Information Resources 1 Important Information Due date is April 18, 2011 Exemption is $3,650 per person Standard deduction is $5,700 for single and $11,400 for married couples 2 Tax Credit or Deduction A tax credit reduces the amount of income tax you may have to pay A deduction reduces the amount of inco.

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