Information About Education Expenses

First student:

What year of post-secondary education?

 First 2 years    Later

Enrolled at least half-time in a degree program?

 yes    no

Enrolled in post-secondary degree program or took course to acquire or improve job skills?

 yes    no

Tuition and fees paid

We have selected the choice for this student's expenses which will probably lower your tax the most. After looking at the estimated result, you can change this selection and see the impact on your taxes.

We recommend:

Apply these expenses to:

 Hope credit

 Hope credit

 Lifetime learning credit

 Lifetime learning credit

 Tuition deduction

 Tuition deduction

Second student:

What year of post-secondary education?

 First 2 years    Later

Enrolled at least half-time in a degree program?

 yes    no

Enrolled in post-secondary degree program or took course to acquire or improve job skills?

 yes    no

Tuition and fees paid

We have selected the choice for this student's expenses which will probably lower your tax the most. After looking at the estimated result, you can change this selection and see the impact on your taxes.

We recommend:

Apply these expenses to:

 Hope credit

 Hope credit

 Lifetime learning credit

 Lifetime learning credit

 Tuition deduction

 Tuition deduction

Third student:

What year of post-secondary education?

 First 2 years    Later

Enrolled at least half-time in a degree program?

 yes    no

Enrolled in post-secondary degree program or took course to acquire or improve job skills?

 yes    no

Tuition and fees paid

We have selected the choice for this student's expenses which will probably lower your tax the most. After looking at the estimated result, you can change this selection and see the impact on your taxes.

We recommend:

Apply these expenses to:

 Hope credit

 Hope credit

 Lifetime learning credit

 Lifetime learning credit

 Tuition deduction

 Tuition deduction

Taxes and Credits

Tuition deduction

Adjusted Gross Income

Total itemized deductions

Greater of itemized deductions or standard deduction

Personal exemptions

Regular tax

Alternative minimum tax

Child care expenses (up to $6,000)

Child care credit

Hope and lifetime learning credits

Savers's credit

Child tax credit

Other credits

Tax after credits

Self-employment tax

Refundable child tax credit

Earned income credit

Estimated taxes and withheld taxes paid for 2005