skip navigation

Search Help
Navigation Help

Topic Index
ABCDEFGHI
JKLMNOPQR
STUVWXYZ#

FAQs
Forms
Publications
Tax Topics

Comments
About Tax Map

IRS.gov Website
Publication 17
taxmap/pub17/p17-179.htm#en_us_publink1000236001

When Must the Credit Be Repaid (Recaptured)(p238)

rule
If, after you file your 2011 tax return, you or someone else receives tax-free educational assistance for, or a refund of, an expense you used to figure an education credit on that return, you may have to repay all or part of the credit. You must refigure your education credit(s) for 2011 as if the assistance or refund was received in 2011. Next you must refigure your tax liability using the revised education credit. The increased tax liability is the amount you must repay. Add the repayment (recapture) to your tax liability for the year in which you receive the assistance or refund. See the instructions for your tax return for that year to find out how to report the recapture amount. Your original 2011 tax return does not change.
taxmap/pub17/p17-179.htm#en_us_publink1000252176

Figure 34-A. Can You Claim an Education Credit for 2011?

taxmap/pub17/p17-179.htm#en_us_publink1000252177