This year as you fill out your tax forms you may have the opportunity to claim substantial tax credits to defray the cost of paying for college.
We at Wittenberg University strongly urge you to take advantage of these Government Programs. The Hope Scholarship Credit could reduce your taxes by as much as $1,650 per student and the Lifetime Learning Credit could reduce your taxes by up to $2,000 per household.
Each qualified Wittenberg student will receive a Form 1098-T from the University in January. This form is for your records and should serve as a point of reference when you are filing your taxes and completing Forms 8863 and 1040. Publication Release 970 is the I.R.S. document that provides guidance and instruction on how to claim either the Hope Scholarship or Lifetime Learning Credit.
While the University is unable to provide advice or information regarding your personal tax situation, we are pleased to provide the following link to the Department of Education. Here you will be able to access comprehensive information and I.R.S. documentation that will be helpful in assessing your education tax credit eligibility.