Are you paying higher education expenses? You may be eligible for two education tax credits or a new deduction for tuition expenses. Since you cannot take both a credit and the deduction for the same student, we will help you choose the best option.

Important Note: You are not eligible for the education credits or tuition deduction if either of these conditions applies to you:
 Your filing status is Married Filing Separately
 The education expenses you paid were for elementary or secondary school

Basic Information

Answer the following questions based on your personal situation for 2005:

Select your filing status:

Your age (on Dec. 31, 2005):

Your spouse's age (on Dec. 31, 2005):

Are you someone else's dependent

 yes    no

If yes, is the other person claiming you as a dependent?

 yes    no

Now tell us how many dependents you have in each category below. For age, use the child's age as of December 31, 2005:

Income and Deductions

Your wages

Your spouse's wages

Your income/loss from self-employment

Your spouse's income/loss from self-employment

Qualified dividends

Capital gain/loss on assets:

  held one year or less

  held more than one year

Other income/loss (interest, dividends, etc.)

Adjustments to income other than tuition expenses (moving expenses, IRA contributions, etc.)

Adjusted Gross Income (preliminary)

Itemized Deductions

Medical expenses

State and local taxes

Interest you paid

Charitable contributions

Other deductions

Total itemized deductions (preliminary)

Greater of itemized deductions or standard deduction (preliminary)

Personal exemptions (preliminary)