Form 8917 for Paterson New Jersey 2019-2025

Form 8917 for Paterson New Jersey: What You Should Know

New York City. New York City has been one of the first cities to start using Form 8917. New York City Public Education Department (NYC PED). Who Can Claim the Tuition and Fee Deductions? Form 8917 lets you claim a Tuition and Fee Deduction if: You are an individual, not a corporation, that pays for a qualified education expenses. You are not required to include the amount you pay for tuition and fees on your tax return. Your qualified education expenses must meet the following requirements: be directly related to your job or business in whole or in part you are eligible for other educational expenses, but the tuition and fees were directly related to your job or business your qualification is confirmed by the IRS, unless you elect to exclude it What does the IRS look for in determining whether a qualified education expenses is directly related to your job or business? Education expenses must be paid directly by you to a private or public educational institution and a related school, college, or university. Education expenses do not include any tuition or fees you pay to a qualified education institution (which could include a public university). Tuition paid by your employer, but for any purpose other than qualifying for an education benefit, do not count as education expenses or as qualifying education expenses for the deduction. Qualified education expenses include any tuition and fees paid for a course in, or training in, a program of education or training through a public or private institution of postsecondary education and a related school, college, or university, or similar organization, and for any purpose other than qualifying for an education benefit; however, tuition or fees paid for a course of basic education (including high school, middle school, or high school equivalent) or a similar program do not qualify as educational expenses. If the qualified education expenses for your child are included (or qualifying related to) in your income, then the amount of taxes you have to pay is only on the amount of qualified education expenses that is includible in your income. If the amount you are claiming is a qualified education expense that you were required to include in your income, then you may also have to pay tax on any amount you excluded from your income by applying the exclusion rules discussed on page 11. To figure the qualified education expense amount for your child, add your child's qualified education expenses, if any, or his or her income, if any, on his or her return.

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