Bursar's Office Savitz Hall Office Hours: Campus News New Year for Rowan students takes them to Third World countries to volunteer | More Visiting Fulbright Scholars Aim to Make Computers Talk | More Prof. Jooh Lee Honored with Campbell Endowed Chair | More Cooper Medical School of Rowan University and Coriell Institute for Medical Research Build Educational Alliance | MoreAmerican Opportunity & Lifetime Learning Tax Credit Info The American Opportunity Credit takes the place of the HOPE Credit. The HOPE credit is for tax years 2008 and prior. The Lifetime Learning Tax Credit remains. IRS Publication 970, Tax Benefits for Higher Education will assist taxpayers in determining their eligibility for the tax credits. You may obtain this Publication from any IRS office, or download it from the Internet at www.irs.gov/forms_pubs/pubs/p970toc.htm. The IRS addresses specific questions that taxpayers may have concerning their eligibility for the tax credits at http://www.irs.gov/newsroom/article/0,,id=213044,00.html. In addition, if you have not supplied your social security number to Rowan University, please complete the IRS FORM W-9S part 1, which can be found at http://www.irs.gov/pub/irs-pdf/fw9s.pdf. Form 1098T will be mailed to students by Jan. 31st. It is informational only. It alerts the student that they may be eligible for federal income tax education credits. The college provides in Box 2 the tuition and fees that were billed to you and qualify as tuition/fee expenses. IRS education credits are based on amounts paid by you, not billed to you. To determine the amount of qualified tuition and fees paid, and the amount of scholarships and grants received, a taxpayer should use their own financial records. Screen should display Tax Year 2011 Form 1098-T
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New Year for Rowan students takes them to Third World countries to volunteer |