Qualified higher education expenses are any money paid by an individual for the expenses required to study at a college, university or other institution of higher education.
QHEE includes tuition fees, books, fees, and supplies such as laptops and computers, but expenses such as insurance and medical fees are not included.
Taxpayers may claim QHEE under a tuition deduction using Form 8917 along with a completed tax return.
Alternatively, applicants may apply for the US Opportunity Tax Credit and Lifelong Learning Credit.
The Electronic Federal Tax Payment System (EFTPS) is a 24/7 service provided by the US Department of the Treasury that allows taxpayers to make tax payments over the phone or the Internet.
Form 1095-B: Health insurance contains health insurance information for taxpayers, their spouses, and dependents if they are enrolled through an insurance company.
Form 1099-R is used to report distributions of annuities, income distribution plans, retirement plans, retirement accounts, insurance contracts, or pensions.
Form 2439 is an IRS form that regulated investment companies (RICs)—mutual funds and exchange-traded funds—and real estate investment trusts (REITs) are required to circulate to shareholders to report unallocated long-term capital gains.