My Only income is SSI, but I am full time college student should I file taxes so I can get the Hope Credit?

I do have student loans that I will pay after competion of college. Do I qualify for any of the credits? Asked by chattycath 23 months ago Similar questions: income SSI full time college student file taxes Hope Credit Business > Financial Planning.

Similar questions: income SSI full time college student file taxes Hope Credit.

No. Social Security benefits in the absence of any other income are not taxable. No.

Social Security benefits in the absence of any other income are not taxable.

The Stimulus Package and College Costs - An Update on the American Opportunity Tax Credit Here is some information which can help you ::As President Obama's stimulus package makes its way towards being law, many parents are asking if it includes any help with spiraling college costs. Specifically, many are asking whether the American Opportunity Tax Credit that was talked about during the election is finally coming to pass. Well, here's what I can glean from my reading of the most recent version of the bill: * It appears the existing Federal Hope Scholarship is being renamed the American Opportunity Tax Credit, as opposed to the introduction of a completely new tax credit.

* These benefits will apply to expenses paid in 2009 and after. * The American Opportunity Tax Credit is equal to 100% of the first $2,000 in expenses and 25% of the next $2,000, for a possible total of $2,500. * Students will be eligible for their first four years of college, as opposed to just the first two as currently allowed.

* Books and courses materials will now be eligible for the credit * The adjusted gross income limit to qualify for the credit is raised to $80,000 for single taxpayers ($160,000 for joint). * Up to 30% of the credit may now be "refundable. "Details are still forthcoming, so be sure to keep checking back for updated information.To stay up-to-date on how the Stimulus plan will affect your college costs, sign up for our free weekly newsletter.

Sources: http://collegesavings.about.com/b/2009/02/12/the-stimulus-package-and-college-costs-an-update-on-the-american-opportunity-tax-credit.htm .

1 Ask one of the Tax people that do Taxes. Or call an IRS tax office and inquire. It may well be to your advantage.

They are usually very helpful, Tax people at Wallmart should know.

Ask one of the Tax people that do Taxes. Or call an IRS tax office and inquire. It may well be to your advantage.

They are usually very helpful, Tax people at Wallmart should know.

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" "I receive the earned income credit at tax time. Will I still be able to file for the first time home buyers tax credit?

Forgot file schedule M in fed income tax. How can I do to get the credit?

Can you file for income tax refund if you receive ssi.

I didn't file taxes until I was 21 due to being misinformed about income levels, and didn't file in 2008. What do I do?

How much money must one earn as a 1099 contractor to file income taxes.

I receive the earned income credit at tax time. Will I still be able to file for the first time home buyers tax credit?

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