Question

What is the 2019 deduction for this situation and where on draft forms does the deduction...

What is the 2019 deduction for this situation and where on draft forms does the deduction go?

Bill and Joyce paid $7400 in tuition, $840 for books, and $9300 for room and board for Will, a junior, to attend Springbrook State University.

They also paid $16,410 in tuition, $950 in books, and $10,100 in room and board for Dan, a freshman at Prescott College.

Homework Answers

Answer #1
Form 1040                                 U.S. Individual Income Tax Return
Line 34 Tuition and fees. Attach Form 8917 . . . . . . 4000
Form 8917                                       Tuition and Fees Deduction
Line 6 Tuition and fees deduction. Is the amount on line 5 more than $65,000 ($130,000 if married
filing jointly)?
No. Enter the smaller of line 2, or $2,000.
Yes. Enter the smaller of line 2, or $4,000.
4000
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