Originally Posted by
ArizonaGuy
Also take into consideration that if the $9000-$10000 you are charging is college tuition, you might qualify for the Hope or Lifetime Learning Credit, or at the least the education tax deduction when filing in April 2009. There are limits and all depends on your tax liability, of course.
Yes, TurboTax found that in my mom's taxes last year. I don't file though since I'm not required, nor do I have earned income. Would there be a benefit for me to file just so I can claim the credit?