Form 8917

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What is an 8917 form?

This form is used for partial deduction of higher education costs. The document should be accompanied by Form 1098-T, completed by a school, which indicates your transaction amount per tax year. The sum you can get back depends on the payments you made in the first months of this year or during the previous one.

What do I need Form 8917 for?

  • You have the right to complete this blank and deduct for a college education to ease your financial burden. In some cases, the amount can be as high as $4000 annually.
  • If your spouse and/or dependent you listed on your tax return receive a college degree, you can also request a refund.
  • Obtaining such a deduction will reduce the amount of your income tax.
  • If, for example, you have a business and your annual income is higher than $80000, you can't claim a deduction for such expenses.

How to fill out Form 8917?

Open fillable Form 8917 and read requirements at the top of the page. Note that you will need data from Form 1040 to complete this online document.

  • Provide the student's first, last name and SSN, as well as adjusted qualified expenses. To obtain this figure, subtract educational assistance (free of tax) from your tuition fees. If there is more than one student, add up the costs and put the total on the second line.
  • In the third and fourth paragraphs of the PDF file, enter the specified data from Form 1040. To obtain the fifth line data, subtract the sum of the third line from the fourth one.
  • The sixth paragraph is directly devoted to the calculation of the amount of deduction. When finished, you can download Form 8917, submit to the desired organization, or print it.

Organizations that work with Form 8917

  • IRS
Fillable online Form 8917
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