income abroad. You or your dependent should typically receive the 1098-T form by January 31. When you prepare your return on eFile.com, you will be able to enter the information right from your 1098-T and we will generate the forms necessary to claim either education credit on your tax ...
The law gives taxpayers who fail to file their income taxes three years to submit a return and claim a refund. Generally, the three-year countdown starts on the due date of the return, including extensions.
If you break even on your taxes — that is, you don’t owe any money — then the child tax credit can’t help you. However, you may qualify to claim theadditionalchild tax credit. This portion of the child tax credit allows you to receive up to $1,700 per child (for tax years ...
$10,000 is the collective cap. You can't claim a credit for each student. The Lifetime Learning credit isn't restricted to the first four years of undergraduate enrollment, and the student doesn't necessarily have to attend full time. This means you might still be eligible if you took o...
types of debt for which the federal government will withhold your tax refund or send it to one of your creditors. These debts include past-due federal taxes, state income taxes, child support payments and amounts you owe to other federal agencies, such as federal student lo...
If you want to claim your 2018 refund, keep in mind that you should file a return for 2019 and 2020, too. Otherwise, the IRS might hold onto your check until you do. Also, if you owe money for a variety of reasons—student loans, child support, unpaid federal or s...
But you can deduct the difference. Say you spent $11,000 in 2024 on child care for your two children, and you covered $5,000 of those expenses with your FSA funds. You could claim the remaining $6,000 in expenses on your taxes. If your AGI is $43,000 or more, that means a max...
If you want to claim your 2018 refund, keep in mind that you should file a return for 2019 and 2020, too. Otherwise, the IRS might hold onto your check until you do. Also, if you owe money for a variety of reasons—student loans, child support, unpaid federal or state ...
Several tax breaks can help you cover the high costs of education, future college expenses and interest you pay on student loans.
This applies to unpaid federal student loans, overdue government-backed mortgages, and other non-tax debts owed to federal agencies. However, certainSocial Security benefits remain fully protected, including SSI payments, lump-sum death benefits and benefits paid to children....