188宝金博页面版

Userid:PAPARI00DTD tipxLeadpct: -10% Pt. size: 10t Draft(Init. & date)t Ok to PrintPAGER/SGMLPage 1 of 86 of Publication 970Fileid:...ocuments and Settings\H2YCB\Desktop\10p970 - 01142011 13-22.xml13:40 - 14-JAN-2011The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.ContentsWhat’s New . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Department of the TreasuryInternal Revenue Service2Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2Publication 970Cat. No. 25221VIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21. Scholarships, Fellowships, Grants, andTuition Reductions . . . . . . . . . . . . . . . . . . . . . .Scholarships and Fellowships . . . . . . . . . . . . . . . . . 4Other Types of Educational Assistance . . . . . . . . . . 64Tax Benefitsfor EducationFor use in preparing2010 Returns2. American Opportunity Credit . . . . . . . . . . . . . . .Can You Claim the Credit . . . . . . . . . . . . . . . . . . . . 9What Expenses Qualify . . . . . . . . . . . . . . . . . . . . . 9Who Is an Eligible Student . . . . . . . . . . . . . . . . . . 12Who Can Claim a Dependent’s Expenses . . . . . . . 13Figuring the Credit . . . . . . . . . . . . . . . . . . . . . . . . 14Claiming the Credit . . . . . . . . . . . . . . . . . . . . . . . . 16When Must the Credit Be Repaid(Recaptured) . . . . . . . . . . . . . . . . . . . . . . . .Illustrated Example . . . . . . . . . . . . . . . . . . . . . . . . 168163. Lifetime Learning Credit . . . . . . . . . . . . . . . . . . .Can You Claim the Credit . . . . . . . . . . . . . . . . . . . 20What Expenses Qualify . . . . . . . . . . . . . . . . . . . . 21Who Is an Eligible Student . . . . . . . . . . . . . . . . . . 23Who Can Claim a Dependent’s Expenses . . . . . . . 23Figuring the Credit . . . . . . . . . . . . . . . . . . . . . . . . 24Claiming the Credit . . . . . . . . . . . . . . . . . . . . . . . . 25When Must the Credit Be Repaid(Recaptured) . . . . . . . . . . . . . . . . . . . . . . . .Illustrated Example . . . . . . . . . . . . . . . . . . . . . . . . 2520254. Student Loan Interest Deduction . . . . . . . . . . . .Student Loan Interest Defined . . . . . . . . . . . . . . . 29Can You Claim the Deduction . . . . . . . . . . . . . . . . 32Figuring the Deduction . . . . . . . . . . . . . . . . . . . . . 32Claiming the Deduction . . . . . . . . . . . . . . . . . . . . 33295. Student Loan Cancellations andRepayment Assistance . . . . . . . . . . . . . . . . . .Student Loan Cancellation . . . . . . . . . . . . . . . . . . 35Student Loan Repayment Assistance . . . . . . . . . . 35356. Tuition and Fees Deduction . . . . . . . . . . . . . . . .Can You Claim the Deduction . . . . . . . . . . . . . . . . 37What Expenses Qualify . . . . . . . . . . . . . . . . . . . . 37Who Is an Eligible Student . . . . . . . . . . . . . . . . . . 40Who Can Claim a Dependent’s Expenses . . . . . . . 40Figuring the Deduction . . . . . . . . . . . . . . . . . . . . . 41Claiming the Deduction . . . . . . . . . . . . . . . . . . . . 41When Must the Deduction Be Repaid(Recaptured) . . . . . . . . . . . . . . . . . . . . . . . .Illustrated Example . . . . . . . . . . . . . . . . . . . . . . . . 4237417. Coverdell Education Savings Account(ESA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .What Is a Coverdell ESA . . . . . . . . . . . . . . . . . . . 44Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45Rollovers and Other Transfers . . . . . . . . . . . . . . . 48Distributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49448. Qualified Tuition Program (QTP) . . . . . . . . . . . .What Is a Qualified Tuition Program . . . . . . . . . . . 54How Much Can You Contribute . . . . . . . . . . . . . . . 54Are Distributions Taxable . . . . . . . . . . . . . . . . . . . 55Rollovers and Other Transfers . . . . . . . . . . . . . . . 5754Get forms and other informationfaster and easier by:InternetIRS.gov9. Education Exception to Additional Taxon Early IRA Distributions . . . . . . . . . . . . . . . .Who Is Eligible . . . . . . . . . . . . . . . . . . . . . . . . . . . 5858Jan 14, 2011