Determine eligibility for available tax credits and complete an official worksheet

Guideline: Determine eligibility for available tax credits and complete an official worksheet for each credit, to demonstrate eligibility. Limits on modified adjusted gross income (MAGI).

Determine eligibility for available tax credits and complete an official worksheet
Determine eligibility for available tax credits and complete an official worksheet for each credit, to demonstrate eligibility.

More Details:

Limits on modified adjusted gross income (MAGI).

The lifetime learning credit MAGI limit increases to $138,000 if you’re married filing jointly ($69,000 if you’re filing single, head of household, or qualifying widow(er)). The American opportunity credit MAGI limits remain unchanged. See Table 1 and the instructions for line 3 or line 14.

Form 1098-T requirement.

Additionally, T

to be eligible to claim the American opportunity credit or the lifetime learning credit, the law requires a taxpayer (or a dependent) to have received Form 1098-T,

Tuition Statement, from an eligible educational institution, whether domestic or foreign.

However, you may claim one of these education benefits if the student doesn’t receive a Form 1098-T because the student’s educational institution isn’t require d to furnish a Form 1098-T to the student under existing rules

(for example, if the student is a qualified nonresident alien, has certain qualifie d education expenses paid entirely with scholarships,

has certain qualified education expenses paid under a formal billing arrangement,

or is enroll ed only in courses for which no academic credit is awarde d).

Lastly, if a student’s educational institution isn’t requir ed to provide a Form 1098-T to the

student, you may claim one of these education benefits without a Form 1098-T if you otherwise qualify,

can demonstrate that you (or a dependent) were enrolled at an eligible educational institution, and can substantiate the payment of qualified tuition and related expenses.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our Guarantees

Money-back Guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism Guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision Policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy Policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation Guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: