| Learning Library Quick Answers Tax Planning |
Answer: You can not claim a credit for the amount of higher education expenses paid with tax-free scholarships. Scenario: If the a....
Scenario: A clientpays college tuition and fees with a scholarship. Canthey claim an education credit on Form 8863 for those payme....
Scenario:Are capital gain taxes due without penalty on EE bond withdrawals for non-qualified expenses? Answer: Ordinary income tax....
Scenario: If the amount of my qualified tuition and related expensesare greater than the amount of my scholarship, may I claim the....
Answer: If you are eligible to deduct educational expenses and are also eligible for the Lifetime Learning credit, then it is poss....