Tax Credit Resources for Weber State Students
Several tax benefits are available to help Weber State University students meet the cost of higher education.
Tax Credit Resources for Students
- Education Tax Credits
- American Opportunity Tax Credit (AOTC), up to $2,500 in tax credit
- The credit is available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. You may even receive a credit if you don't have a tax liability.
- Course materials may be added to the list of qualifying expenses. Students are encouraged to save their receipts for educational purchases they make.
- The credit may be claimed for four postsecondary education years instead of two.
- Lifetime Learning Credit (Form 8863)
- Deduction for Student Loan Interest
- This deduction provides tax-free withdrawals from state-sponsored and private tuition savings plans, and from education savings accounts (ESAs).
- Reporting methods for education credits changed in 2018. Prior to 2018, your 1098-T reported "Charges Billed.” Currently, your 1098-T will report "Payments Received.”
For advice concerning these tax benefits, please contact your tax consultant or refer to IRS Publication 970: Tax Benefits for Education. The Education Credits form and its instructions can be found on the IRS Form 8863 website. The IRS phone number for individuals is 1-800-829-1040.
If you have other questions you may contact the WSU Tax Credit Office at 801-626-7877 or email questions to taxcredit@weber.edu. Due to privacy laws, we cannot provide tax information over the phone or via fax. Students must show a picture identification to receive information in person. We cannot give tax information to parents of the student or to a tax preparer.
Additional Tax Credit Resources
Education Benefits:
IRC 127-IRS Code
26 CFR 1.162-5: Expenses for Education