How does it work if my tuition was $8983.00 and my scholorships were $4010.00 and I have 2 dependents.Do you get a refeund or is it a credit IF you owe taxes?What tax form do I use?
2007-01-30 23:16:22 · 3 answers · asked by qtpie34 2 in Business & Finance ➔ Taxes ➔ United States
You are going to have to file an amended return. The education credits are very nice to have. They can reduce your tax liability to zero but will not generate additional funds back to you if you did not have to pay any taxes. If you paid taxes, file the 1040X. If you did not pay taxes for the year, there is probably no need to refile.
2007-01-31 00:02:09 · answer #1 · answered by TaxGurl 6 · 0⤊ 0⤋
You can, and you will have to file an amended tax return. This looks like one for H & R Block.
2007-01-31 07:22:02 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
Dang, where did you get your time machine from? (Today's the 31st.)
You'll have to file an amended return using Form 1040X.
2007-01-31 07:44:45 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋