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.
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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