IMPORTANT INFORMATION FOR 2008

2008 Tax Changes for Disaster Victims
There are some very beneficial changes to the 2008 tax laws for people living in Midwestern disaster areas. The Iowa College Student Aid Commission prepared a document that explains the deductible benefits. You may find this information at
http://orderform.iowacollegeaid.gov/products/pdf/IC-Tax.pdf

Since Kirkwood staff are unable to offer tax advice to students or parents, we encourage you to review and/or download the following documents for more IRS information on this valuable tax credit and make it available to your tax preparer.

IRS Publication 970, Tax Benefits for Education
IRS Form 8863, Education Credits (Hope and Lifetime Education Credits)

 

Proceed to the 1098T Web site

Hope and Lifetime Learning Tax Credit
If you want to take advantage of the Hope and Lifetime Learning Tax Credit, you will need to know the Kirkwood room and board costs. Use the chart below to find our maintenance allowance for these costs. Please note that because Kirkwood does not have on-campus student housing, there is a wide range of costs for students and these figures are meant to reach the high end of that range.

If you have questions, call 319-398-5485.

Kirkwood Room & Board Costs

Fall Spring Summer
Lived with parents $1,284 $1,605 $963
Lived on their own $4,368 $5,460 $3,276