A few tax questions for somebody that would know?

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I am going to file online for my taxes when i get off of work today. I am a full time student as well as i work full time. I have loans out there, last year i guess some how i was able to collect a majority of money on what they call a "hope credit" which was mostly involved with interest rates on school loans. However; i called citi-bank and they said that i wouldnt be able to do that this year because i did it last year and because i never paid any of the interest back. So i accepted that, but they said they need me to send in some form. What form could they be talking about?

Next issue: I just got back my tax info on1098-T 19,125.00 saise under amounts billed for qulified tuition and related expences. Someone told me that because i have that much in school loans over the year that i will get both federal and state taxes back is this true and is there a cap on how much i can get back? Last time i could only get up to a certain amount.

A few tax questions for somebody that would know?

NO -- loans are not taxable -- just the interest that you paid. Loans are not income...

A few tax questions for somebody that would know?

1098 is for "qualified tuition and related expenses" .

You can estimate your taxes using this link -

http://www.qcktax.com/tax_estimator.php ..

A few tax questions for somebody that would know?

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