Tax Question: Would I be considered a fifth-year senior?

Tax Question: Would I be considered a fifth-year senior?
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1 Answer

Answer :

answer:It sounds to me like you are eligible. You didn’t complete your four year degree before Jan 1, 2013, and you took more than a half load of credits during the 2013 school year. Do I have that right? I’m not an accountant, but that is my intepretation. In what you provided I don’t see any rule saying you can only take the deduction for four years. You can always call the IRS and ask. I am not familiar with that tax law at all, I am just telling you with what you provided here how I understand it. To me completed four years is getting a four year degree, not four calendar years. But, I might be misunderstanding the intention of the sentence. You can easily look back at your old taxes and see if you took the deduction. You have copies right? Tax returns are usually not very large for most people and easy to look through.
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