Federal Tax Form 8863 - Education Credits

Tax Form 8863 is used to figure and claim your education credits. The education credits are:

• The Hope credit, and
• The lifetime learning credit

You may be able to take the credits if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution. The credits are based on the amount of qualified education expenses paid for the student in 2005 for academic periods beginning in 2005 and the first 3 months of 2006.

Generally, qualified education expenses paid on behalf of the student by someone other than the student (such as a relative) are treated as paid by the student. Also, qualified education expenses paid (or treated as paid) by a student who is claimed as a dependent on your tax return are treated as paid by you. Therefore, you are treated as having paid expenses that were paid from your dependent student's earnings, gifts, inheritances, savings, etc.

You cannot take the education credits if any of the following apply:

• You are claimed as a dependent on another person's tax return, such as your parent's return (but see the Note above)
• Your filing status is married filing separately
• Your adjusted gross income on Form 1040, line 38, or Form 1040A, line 22, is (a) $107,000 or more if married filing jointly, or (b) $53,000 or more if single, head of household, or qualifying widow(er)
• You are taking a deduction for tuition and fees on Form 1040, line 34, or Form 1040A, line 19, for the same student
• You (or your spouse) were a nonresident alien for any part of 2005 and the nonresident alien did not elect to be treated as a resident alien

Form name	Instructions	Form
2007 Federal Tax Form 8863 - Education Credits
2006 Federal Tax Form 8863 - Education Credits	-
2005 Federal Tax Form 8863 - Education Credits	-