Student Tax Credit Question
Hey everyone,
so I am finished school and for the first time ever, I owe the tax man a couple hundred dollars, no big deal. But when searching through tax advise online, I came across something I may have been doing wrong for the past several years.
For the tuition / text book credit, I always claimed that I was a student for 8 months. This is because I was in school January - April and then September - December. But then I came across a post somewhere that say students make this mistake and it should be based on a Calander year, not what months you were in school. So should I have been claiming 12 months instead of 8 for the years where I had 2 semesters? or was I doing things correct?
so I am finished school and for the first time ever, I owe the tax man a couple hundred dollars, no big deal. But when searching through tax advise online, I came across something I may have been doing wrong for the past several years.
For the tuition / text book credit, I always claimed that I was a student for 8 months. This is because I was in school January - April and then September - December. But then I came across a post somewhere that say students make this mistake and it should be based on a Calander year, not what months you were in school. So should I have been claiming 12 months instead of 8 for the years where I had 2 semesters? or was I doing things correct?