I am a International student in the USA. I am going to School as a full time graduate student. Last year I paid more than $14000 as school tuition. That money was sent to me by my parents overseas. I am not employed in the United States.
Can I file for a tax refund? Because somebody told me that I can apply for a tax refund on the money I paid for education. If yes how will I do that ?
2007-06-01 20:16:36 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
You have to have income to report and a tax liability to be able to claim an Educational Credit, The Eductional credits can reduce your income or your tax liability. So unfortunately with you having no income to report you can not claim the credits.
2007-06-01 23:53:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There appears to be some confusion about the meaning of the word 'refund'. A refund means a portion of what you paid is returned to you. It appears form you question that you never paid any taxes to the US government. If that is the case, there is nothing to refund. Unfortunately, many US citizens fail to understand that concept. As a result, they give 'advice' similar to what you received.
2007-06-02 11:40:20 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
NO! Income tax is imposed on "income". If you had income you would be required to file a return. If that income and your deductions were great enough to allow you to itemize those deductions you "may" be able to get a deduction. However in the facts you presented you would not because you did not pay tuition, your parents did.
2007-06-02 11:26:59 · answer #3 · answered by ? 6 · 0⤊ 0⤋
The education credits only decrease your taxes, they don't give you money back if you don't owe any taxes. It sounds like you don't have any tax liability - if that's the case, then no, you aren't eligible for a refund.
2007-06-02 11:36:00 · answer #4 · answered by Judy 7 · 1⤊ 0⤋