Sentences with phrase «eligible educational institution»

It is important to note all of these plans are for qualifying educational expenses at eligible educational institutions.

They can help to pay for qualified education expenses such as tuition, fees and books, as well as certain room and board costs at eligible educational institutions.

By way of the Taxpayer Relief Act of 1997, the Government now permits individuals to deduct the interest paid on loans taken out to attend eligible educational institutions

Eligible educational institutions generally include colleges, universities or vocational schools that are eligible to receive student aid from the Department of Education.

The owner of the 529 account can make contributions which may be withdrawn by the beneficiary when they attend college (or other eligible educational institution).

These are qualified tuition programs that allow individuals to prepay or save for qualified higher education expenses at eligible educational institutions.

Qualified Education Expenses: Expenses which are related to enrollment or attendance at an eligible educational institution — including tuition and fees, books, supplies, and equipment.

Qualified Education Expenses: Expenses that are required for enrollment or attendance at an eligible educational institution — including tuition and fees, books, supplies, and equipment.

These credits reduce your total tax bill dollar - for - dollar if your student attends an eligible educational institution.

You may pay for tuition and expenses related to an eligible educational institution with money that you saved, and interest earned, in your 529 plan.

The child will not owe tax on any distribution from the account if it is equal to or less than the child's qualified education expenses at an eligible educational institution for the year.

The IRS defines an eligible educational institution as just about any accredited public, nonprofit and private post-secondary schools.

• Course - related expenses, such as fees, books, supplies, and equipment that are required for the courses at the eligible educational institution.

For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school.

There is no tax on distributions if they are for enrollment or attendance at an eligible educational institution.

For purposes of tax - free scholarships and fellowships, these are expenses for: • Tuition and fees required to enroll at or attend an eligible educational institution.

Someone other than you, your spouse, or your dependent (such as a relative or former spouse) may make a payment directly to an eligible educational institution to pay for an eligible student's qualified education expenses.

The loan you are claiming the interest on must also have been used to pay for what the IRS deems an eligible educational institution.

Computers and related equipment and services are considered qualified expenses if they are used primarily by the beneficiary during any of the years that the beneficiary is enrolled at an eligible educational institution.

The cost of tuition and other fees paid to an eligible educational institution can also be deducted from the gross income of the taxpayer.

In particular the issue that makes these private student loans so easily dischargeable in bankruptcy is the fact the school was not a «eligible educational institution» or that the loans were for a «qualified higher education expense.»

Lifetime Learning Credit: This credit is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution.

The college or university must be an eligible educational institution, which means it participates in federal financial aid programs for students.

Computers, peripheral equipment, educational software, and internet access and related services when used primarily by the beneficiary while enrolled at an eligible educational institution.

Contributions to a Coverdell Account are not deductible, but amounts deposited in the account grow tax - free until distributed, and there is no tax on distributions if they are for enrollment or attendance at an eligible educational institution or qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.

Qualified expenses for the Student Loan Interest Deduction are the total costs of attending an eligible educational institution (including graduate school).

The educational institution should be able to tell you if it is an eligible educational institution.

Also, the higher standard applies only if you went to an «eligible educational institution.»

The Prepaid Plan may be used at any eligible educational institution as defined in Section 529 of the Internal Revenue Code.

Debtor does not believe that her loan meets the definitional requirements for exemption because she does not believe the loan was made for «qualified higher education expenses», that CTI was an «eligible educational institution,» and does not believe that she was an «eligible student» as those terms are defined by 26 USC 221 (d) which is referred in § 523 (a)(8)(B) for the discharge of «qualified educational loans.

(iii) expenses paid or incurred in 2009 or 2010 for the purchase of any computer technology or equipment (as defined in section 170 (e)(6)(F)(i)-RRB- or Internet access and related services, if such technology, equipment, or services are to be used by the beneficiary and the beneficiary's family during any of the years the beneficiary is enrolled at an eligible educational institution.

2) Qualified higher education expenses The term «qualified higher education expenses» means the cost of attendance (as defined in section 472 of the Higher Education Act of 1965, 20 U.S.C. 1087ll, as in effect on the day before the date of the enactment of the Taxpayer Relief Act of 1997) at an eligible educational institution, reduced by the sum of --

(I) the allowance (applicable to the student) for room and board included in the cost of attendance (as defined in section 472 of the Higher Education Act of 1965 (20 U.S.C. 1087ll), as in effect on the date of the enactment of the Economic Growth and Tax Relief Reconciliation Act of 2001) as determined by the eligible educational institution for such period, or

ESA contributions are not tax - deductible, but they may earn interest tax - deferred until distributed, and the child will not owe tax on any distribution from the account if it is equal to or less than the child's qualified education expenses at an eligible educational institution for the year.

An eligible educational institution is any college, university, vocational school or other post-secondary educational institution eligible to participate in the student aid programs administered by the Department of Education.

The educational institution should be able to indicate whether it is an eligible educational institution or click here to check.

Room and board for a beneficiary who is enrolled at least half time at an eligible educational institution.

Expenses for special - needs services required by the beneficiary to enroll or attend an eligible educational institution.

These eligible educational institutions include virtually all accredited post-secondary institutions, whether public, nonprofit or proprietary (privately owned and profit making).

The account beneficiary's listed name will be the name on any withdrawal checks sent to eligible educational institutions.

The money in your account may be used at any eligible educational institution.

These qualified education expenses are tuition, fees, books, supplies and equipment required for the enrollment to or attendance at an eligible educational institution.

Tuition, fees, books, supplies, and equipment required for a beneficiary to enroll or attend an eligible educational institution, such as a college, university, or vocational school.