MI Form 8917 2019-2025

MI Form 8917: What You Should Know

In this post, we will discuss the Tax Law. If you are an American, refer to the previous post. A Qualified Education Expense: This is defined as a qualified education expense, such as tuition for a semester, which does not exceed: A student's basic cost of attendance 2,500 per year for a full-time student, or A total amount of at least 12,000 for a student's entire degree-seeking program of study (including summer and part-time work). For example, if your education is full-time (at most 18 hours a week), this amounts to 46,500 per year (18 × 2,500 = 46,500). Qualified expenses include tuition, fees, books and supplies, room and board, and a student's personal expenses. The 2,500 limit is lower if one year of full-time enrollment (12 semester hours) exceeds the limitation. A student may be entitled to the same Tuition and Fees Deduction regardless of whether his/her education is in an educational institution within the country in which the tuition payment was made. Foreign Student Education Fees : If you pay tuition and fees for more than one foreign educational institution, you can take the Tuition and Fees Deduction on your return, regardless of any limitations on the Student's ability to claim the deduction. For example, if you pay tuition and fees for more than one foreign educational institution in a calendar year and the tuition was paid wholly or partially to students from one country, you can take the student's portion of your Tuition and Fees Deduction of 12,000. Foreign Qualified Education Expense : If you pay tuition and fees for tuition that are qualified by the United States Government under the Foreign Education and Training Act or the Canadian Learning Credit, you can not take the Tuition and Fees Deduction. How to Fill Out a Federal Form 8917 — How does a Student Take the Tuition-and-Fees Deduction? Form 8917 is a simplified form that a student can fill out and submit to their college or university to claim a deduction for the amount paid toward qualified tuition and fees. The Student and the institution should enter the information for the student into the system.

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