Questions tagged [education]

a generic tag related to studies. Country specific tags are recommended. Related tags "student-loan", "taxes" maybe used depending on the question.

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1answer
87 views

Are there any tax-advantaged retirement plans I can use if I'm a grad student with only stipend/fellowship income?

I'm starting a graduate program in 2017 where I'll get a stipend. I don't think I'll receive a W2 because I won't be working for the wages, so I don't think I can contribute to my IRAs while I'm in ...
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2answers
562 views

How much will I potentially receive from grants?

After reading this question which gives a general overview of strategies of how to pay for college, it wasn't clear to me exactly how much "a dent in what you'd pay" could be, particularly in the case ...
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2answers
370 views

How to become an investment banker?

I'm a 16 year old from Canada trying to map his life. I enjoy finance, math, economics and that sort of stuff. A couple of months (9) ago I read Michael Lewis's The Big Short and have been obsessed ...
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1answer
114 views

How to determine if U.S. federal taxes would apply to postdoctoral fellowship income?

I'm confused about whether a post-doc would owe federal taxes. The post-doc in question is paid through a foundation associated with a university, but not by the university itself. The foundation's ...
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3answers
279 views

What jobs to gain knowledge on finance? [closed]

I don't have former experience or education on finance, but I want to find a job in finance so I can gain more knowledge about it to help secure the future financially. I have a strong background in ...
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2answers
332 views

Is a technical Masters degree in a high-paying employable field worth it? [closed]

I give as a follow-up to my first question, a more reality-driven premise and question. I ask: Is a Masters degree in a high-paying employable field worth it? Say you need 4 pre-Masters (aka post-...
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2answers
136 views

Plan/education for someone desiring to achieve financial independence primarily through investing? [closed]

I just turned 20 and live in the U.S. I haven't started any career, and I haven't graduated with an associates like some of my friends. I'm at a crossroads and I don't quite know what to do. I want ...
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1answer
85 views

Are the education credits given on your taxes based on the amount of your expense, or is it a base amount of credit no matter your expenses?

My daughter needs to prove her education expenses for the education credits she received on her 2014 taxes. This was her first year filing taxes and she did use a tax lady. The tax lady has told us we ...
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3answers
172 views

How can I decide whether do a masters even if I have go into debt after doing it?

I have an undergrad from a reputable university. I am doing well. My friends from University are pursuing more education from other countries. I have two options, Quit my day job and start doing a ...
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1answer
53 views

Question on the IRS Form 1098-T

Is this a new form? I was doing TurboTax and I filled out the information and it wouldn't let me submit my tax refund because it said the IRS is still working on the forms. I did read something that ...
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1answer
75 views

Is financial assistance of CAD 3000 to an international student visiting Canada for research for less than 3 months considered taxable?

My son received an invitation from a university in Canada to do an internship for a period less than 3 months. He will be paid financial assistance of CAD 3000.00. Kindly clarify the following ...
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1answer
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Education Loan interest paid & loan completed 2016 | india | How to claim income tax

I bought education loan in 2006 and completed the loan with interest in March 2016, Is it possible to claim income tax against interest paid for this loan in FY 2017-2018 in India?
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1answer
105 views

Do I lose potential tax benefits by using my employer's tuition assistance program?

Let's say I plan on attending graduate school part-time and that I am currently employed full-time at a company that offers full tuition reimbursement for graduate school with the catch that I must ...
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2answers
139 views

Trade? Buy and hold? Or both? [closed]

I am now taking control of my own investments. While I've made a few in the past, including one very good and one very bad, I really don't have a clue. So I attended an intro class by a trading school ...
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1answer
93 views

Do I report 1098-T's box 2 (Amount billed for tuition) amount if I have not paid to it?

I am very confused on this one. In regards to Education Credit Expenses, do I enter box 2 (Amounts billed for qualified tuition and related expense) of form 1098-T if I have not paid on the billed ...
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1answer
88 views

using 401(k) to fund self-education

I'd appreciate pointers to references on how to (or how not to :-) use funds from from one's 401(k) in order to pay education expenses for oneself--particularly, how to incur minimum penalties or ...
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2answers
243 views

How can I fund my US college education?

How can I fund my college education if I'm not given scholarship and family wouldn't be able to take loan? How did you do it in your time? I'd appreciate any suggestions !
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0answers
29 views

Do I need to file taxes or can I file taxes educational credit refund purpose with 1098T?

I did not work at all but I received a 1098T for my online school. The 1098T has $12,070.04 on box 1 and $2,529.53 on box 5. I will like to know if I should file taxes with the 1098T only to get ...
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0answers
60 views

What Qualifies as “Business Deduction for Work-Related Education” Under US Tax Code Publication 970

I work as a Software Developer. Using Topic 513 Publication 970 Chapter 12 of the US Tax Code would I be able to deduct any of the following? Paying for and taking PTO to attend a conference and ...
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2answers
147 views

Does it make economic sense to get a cheaper online degree rather than a traditional college degree? [closed]

We have been taught since young that education is sacred and that a college degree is a passport to a good future in life. However, today's traditional college cost is really very high and there comes ...
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4answers
184 views

Ways to save for child's college education where one need not commit to set contributions? [duplicate]

I'm looking for a good way to save for college for my daughter. As a parent of a single income home, I am looking for a way to maximize my savings to reach my goals, but without having to go with a ...
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1answer
259 views

When are checks are preferred over cash, and when cash is preferred over checks?

Checks are not guaranteed to be cashed, as the payer's account may not have enough money at the time of cashing, and the payer may not know when the payee is going to cash the check. When that happen, ...
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1answer
72 views

Is there a way to short the general education market?

Or in part to short companies involved in supporting the current state of the education market? (book sellers, equipment vendors, universities etc..)
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2answers
44k views

Does 1098-T need to be filed by student?

I am filing my taxes via TaxAct, and I am not sure whether my 1098-T Copy B (for students) needs to be reported. On my Copy B it states "This is important tax information and is being furnished to the ...
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1answer
61 views

Education Tax Return in US

I've just stubmled upon a website: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ I entered my one year tuition fee (~$12k) and its showing: Your Refund - $1000 Background: I'm an ...
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3answers
870 views

Recommended education path for a future individual investor?

I'm an 18 year old who wants to become a individual investor. My plan is that one day I can become free of the modern day monetary burdens that most adults carry with them and I can enjoy a short life ...
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0answers
48 views

What is the process that NYSE goes through when returning a company to be compliant?

I am not sure if I am using the right terminology, but when NYSE issues a listed company a non-compliance letter, they get listed in their "Noncompliant Issuers". For example, the first company ...
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1answer
3k views

Is Rich Dad Cashflow 202 the new version of Rich Dad Cashflow 101?

I was watching a TED talk about "Why the Rich get Richer" and the speaker mentioned a game called "Cashflow" that's like a financial simulator. I noticed that there are two versions of it: one called ...
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1answer
2k views

How does Pell Grant work for students with a foreign Bachelor's?

I have an MD degree from a foreign institution. But because I got that foreign MD from an unaccredited medical school 30 years ago, I can't find a job in the U.S. Therefore, I decided to get at least ...