Tax Question

[sexy.princess]

I don't really know who to ask from people I know of. But...

Being a college student and tuition runs to about 10,000$, would I get money returned when taxes are done? If so, would a 1,000$ scholarship or any scholarships lower or raise the amount returned?

[darksouls]

http://www.hrblock.com/get-answers/t...en/te/aboutYou

good tool for making estimates

Depends on quite a few things. If you are a first time student enrolled in undergraduate program, you will most likely qualify for a American Opportunity Credit which is up to 2500. and 1000 of that is refundable.

So you are likely to receive a $1000 refund so long as the income you report is 20000 or less.

[sexy.princess]

Thank you for the information! Parents went to HR block today for a quota, but the lady they spoke to said she can't tell until they actually file the taxes...

BTW, I'm a second year.

[darksouls]

Originally Posted by sexy.princess

Thank you for the information! Parents went to HR block today for a quota, but the lady they spoke to said she can't tell until they actually file the taxes...

BTW, I'm a second year.

HR Block means they can't tell you until you pay them $150 to file the return.......smh.

Freshman or Sophomore doesn't matter. if this is your first under grad you should qualify for American Opportunity Credit

As long as the gross income you report is less than 20K, then that tax credit is enough to cover any taxes due, and you might get $1000 in a refund.

[sexy.princess]

I guess I'll see what happens. Hopefully I get enough to cover for school tuition in the summer.

[Guest120216]

Originally Posted by darksouls

HR Block means they can't tell you until you pay them $150 to file the return.......smh.

Freshman or Sophomore doesn't matter. if this is your first under grad you should qualify for American Opportunity Credit

As long as the gross income you report is less than 20K, then that tax credit is enough to cover any taxes due, and you might get $1000 in a refund.

Darksouls is correct. You can report American Opportunity Credit up to three times and after that they won't refund you anymore.

....and HR Block sucks BTW..... Their ripoff artists

[sexy.princess]

Thank you guys so much for the information!

[Guest021817-2]

Uncle Obama is in office still you are good...

[GlobeSpotter]

Originally Posted by sexy.princess

I guess I'll see what happens. Hopefully I get enough to cover for school tuition in the summer.

If not, let us know.

[sexy.princess]

😂😂😂

[Guest021817-2]

Uncle Obama is in office still you are good.../

Fugg you are of not gringo origin .... Get prwggers, you can hit the USA government lotto, if you play it right....

[sexy.princess]

Originally Posted by GlobeSpotter

If not, let us know.

OK 😊

[SpiceItUp]

Not hobby related. Off to the litter box...

[sexy.princess]

Oh, my bad. Sorry.

[GlobeSpotter]

Seemed hobby related to me.