Posted by: syanjali March 14, 2010
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UmeshJi:
Please do not give incomplete information speically those students thinking of paying their tuition if they get chunk of money as you mentioned.
If you filed as a foreign student, you would not be able to get that much monies. You must have filed as US Resident, you qualify for new education credit which is up to 2500 dollars, Even with this qualification , to get 6600 refund , you must have over 4100 tax withheld or tax liability less than that. It means, you may have income less than 40000 dollars and you must have one or more children to qualify for Earn Income Credit as well you got child tax credit too.
Let me sum up:
You were or are under graduate student.
You Qualify for 1040 filing/ or used it.
You have spouse and children.
You qualify for EARN INCOME CREDIT ( income less than 44K).
Otherwise, there is no way you can get that chunk of money. What I am trying to say is do not just give them, just the dollar amount you have received, but under what circumstances you got that ( full info).
All F-1 students will be jealous about you, but do not know the facts. Thanks.
Please do not give incomplete information speically those students thinking of paying their tuition if they get chunk of money as you mentioned.
If you filed as a foreign student, you would not be able to get that much monies. You must have filed as US Resident, you qualify for new education credit which is up to 2500 dollars, Even with this qualification , to get 6600 refund , you must have over 4100 tax withheld or tax liability less than that. It means, you may have income less than 40000 dollars and you must have one or more children to qualify for Earn Income Credit as well you got child tax credit too.
Let me sum up:
You were or are under graduate student.
You Qualify for 1040 filing/ or used it.
You have spouse and children.
You qualify for EARN INCOME CREDIT ( income less than 44K).
Otherwise, there is no way you can get that chunk of money. What I am trying to say is do not just give them, just the dollar amount you have received, but under what circumstances you got that ( full info).
All F-1 students will be jealous about you, but do not know the facts. Thanks.