Unfortunately this is one of those
questions that is hard to answer, the best that can be said is maybe.
It is going to depend on both the school that you attended and the
number of courses that you took during the year. You will have to do
some research in order to determine whether or not you qualify.
The first thing that you have to make
sure of in order to qualify for a tax credit on your tuition is
whether or not you are attending an eligible institution. The IRS
keeps a list of which schools qualify so you will want to contact
them to get a copy of the list. What you are looking for is what is
called publication 970, this should tell you everything you need to
know about whether or not you qualify.
The other big thing to make sure of is
that you are taking enough courses to qualify for a tax credit. In
general as long as you take a course in each semester of the school
year you should be fine. This does however get a bit tricky if you
are taking self paced courses. There is a formula for working this
out, you can find that in publication 970 as well.
It is a good idea to make sure that you
check into all of this stuff before you start taking classes. The tax
credit can be a great way to reduce the cost of your degree,
particularly if you are a working adult with a large enough income
for the tax credits to be important. The last thing that you are
going to want is to find out after that fact that you can't get a tax
credit because you enrolled at the wrong school.
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