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Screen SCI319 - South Carolina Tuition Tax Credit (1040)

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Overview

Use this screen to complete the Form I-319, Tuition Tax Credit. This screen allows for multiple units when more than 1 student qualifies for the tuition tax credit.

To qualify for the tuition tax credit, a student must meet all the following requirements.

Student qualifies for in-state tuition.

Student is enrolled in a qualified South Carolina college (all public and most private colleges qualify).

Student is not trying to claim the credit for credit hours earned 4 years after the student first enrolled.

Student is not in default on any student loan.

Student doesn’t have a criminal record.

Student is not a recipient of the LIFE Scholarship or Palmetto Fellows Scholarship.

Tuition Tax Credit - Qualification

Received high school diploma from

Enter 1
for a SC high school, 2
for a high school home program in SC, 3
for a preparatory high school outside SC while a dependent of a parent or legal guardian who was a South Carolina resident, or 4
for other. If the student didn’t receive a diploma from 1
, 2
, or 3
, the student is not eligible for the tuition tax credit.

Student enrolled in a qualified institution within 12 months of graduation

If answered No, the student is not eligible for the tuition tax credit.

Student qualified for in-state tuition during the tax year

If answered No, the student is not eligible for the tuition tax credit.

Seeking a degree, diploma or certificate of at least 1 year from institution attended

If answered No, the student is not eligible for the tuition tax credit.

Completed at least 30 credit or equivalent hours during / ... / Completed the required equivalent hours that have been approved by the Disability Service Provider at the qualifying inst

Enter 1
for Yes or 2
for No. If you answered No to completing at least 30 credit or equivalent hours, the student may be eligible for the tuition tax credit if any of the following conditions are met:

Attended one but not both spring and fall semesters, and completed at least 15 hours.

Attended one but not both spring and fall semesters at Converse, Erskine, or Wofford, and completed the required hours.

Completed the required equivalent hours that were approved by the Disability Service Provider at the qualifying institution.

Seeking to claim credit hours earned after 4 years from the date the student first enrolled

If answered Yes, the student is not eligible for the tuition tax credit.

Student is in default on a student loan

If answered Yes, the student is not eligible for the tuition tax credit.

Student received a LIFE Scholarship or Palmetto Fellows Scholarship anytime this year

If answered Yes, the student is not eligible for the tuition tax credit.

If yes, what period(s) did the student receive the LIFE or Palmetto Fellows Scholarship

If answered Both, the student is not eligible for the tuition tax credit.

Student has been found guilty of a felony

If answered Yes, the student is not eligible for the tuition tax credit.

Student has been found guilty of an alcohol or drug related misdemeanor

If answered Yes, the student is not eligible for the tuition tax credit.

Paid student's tuition

If answered No, the student is not eligible for the tuition tax credit.

Student Information

The information entered in this section is used to complete the Student Information section of Form I-319. Enter dates for the and month / year graduated
and the and month / year first enrolled
fields in the following format: MM/YY or MM/YYYY.

Qualified Institution student was first enrolled

Select a qualified institution from the dropdown.

Qualified Institution attended during tax year

Select a qualified institution from the dropdown.

Credit Hours and Tuition Information

The information entered in this section is used to complete the Credit Hours and Tuition Information section of Form I-319.

Qualified tuition paid

Enter the tuition paid that applies to each period. UltraTax CS automatically totals the amounts entered.

Tuition limit for 4 year independent College or University

UltraTax CS defaults to $12,268 if a 4-year independent institution is chosen as a qualified institution that the student attended during the year. Use this field to force a different amount.

Amount of scholarships and grants

Enter the amount of scholarship grants in these fields. You must deduct any scholarship or grant used to pay qualified tuition. Scholarship grants don’t include grants not used to pay qualified tuition, student loans, IRC section 127 educational assistance plans, payment for teaching, research or other services, or veteran educational assistance benefits.

Credit limit

UltraTax CS defaults to $1,500 for both 4-year and 2-year institutions selected as qualified institutions that the student attended during the year. Use this field to force a different amount.

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