2006-10-10 01:55:43 · 3 answers · asked by lost&confused 5 in Business & Finance ➔ Taxes ➔ United States
Being a student doesn't change what you must report or rates that you pay, but if you're in school past high school, probably makes either you or your parents, whoever is supporting you, eligible for some tax credits - hope credit or lifetime learning credit.
2006-10-10 02:29:24 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Yes - you can qualify for the lifetime learning credit or the hope credit with eligible educational expenses. Student loan interest is typically not deductible until after you have completed school and you are in "repayment". Please consult your tax advisor for more details.
2006-10-10 01:58:28 · answer #2 · answered by dougneb 3 · 1⤊ 0⤋
If you don't have a tax guy go to H&R Block of one of those simular services. They should be able to help you.
2006-10-10 02:05:09 · answer #3 · answered by Max B 3 · 1⤊ 0⤋