Unclaimed Post-Secondary Education tution and student loan interest for Tax return
Hey Guys,
I graduated from University in 2007 and was just recently talking to some one about claiming tuition on your taxes. I have done some small research so far and it looks like you can claim tuition, books, student loan interest towards your taxes.
My Situation:
Tuition was about: 28k
Books: ....i don't have any receipts and doubt i still can claim
Student Loan: had to start paying in 07, finished it off by 09 had about $2500 in interest i paid all together
I make currently ~$70,000 living in Nova Scotia
So the question is am I still able to claim anything? I didn't bother when I first got out because I wasn't making good money and I assumed afterwards that I was past any tax benefit.
If I am still able to claim what should I do first? I can reach my school and get the proper forms and proof that I have X amount of credits from the school and was a full time student for four years.
Also what tax bracket would the deduction take off (would it still be the top bracket?) and whats the limit per year, etc etc
I think I might be able to claim some good cash if this turns out right.
If not no big deal as I wasnt expecting any money
I graduated from University in 2007 and was just recently talking to some one about claiming tuition on your taxes. I have done some small research so far and it looks like you can claim tuition, books, student loan interest towards your taxes.
My Situation:
Tuition was about: 28k
Books: ....i don't have any receipts and doubt i still can claim
Student Loan: had to start paying in 07, finished it off by 09 had about $2500 in interest i paid all together
I make currently ~$70,000 living in Nova Scotia
So the question is am I still able to claim anything? I didn't bother when I first got out because I wasn't making good money and I assumed afterwards that I was past any tax benefit.
If I am still able to claim what should I do first? I can reach my school and get the proper forms and proof that I have X amount of credits from the school and was a full time student for four years.
Also what tax bracket would the deduction take off (would it still be the top bracket?) and whats the limit per year, etc etc
I think I might be able to claim some good cash if this turns out right.
If not no big deal as I wasnt expecting any money