IRS Publication 970 (2015) Tax Benefits for Education has just been released.
https://www.irs.gov/pub/irs-pdf/p970.pdf
[quote=Publication 970 (2015)]
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What’s New for 2015?**
American opportunity credit. If you didn’t have an SSN
(or ITIN) by the due date of your 2015 return (including extensions),
you can’t claim the American opportunity credit
on either your original or an amended 2015 return, even if
you later get an SSN (or ITIN). Also, you can’t claim this
credit on your original or an amended 2015 return for a
student who didn’t have an SSN, ATIN, or ITIN by the due
date of your return (including extensions), even if the student
later gets one of those numbers.
Lifetime learning credit. For 2015, the amount of your
lifetime learning credit is gradually reduced (phased out) if
your modified adjusted gross income (MAGI) is between
$55,000 and $65,000 ($110,000 and $130,000 if you file a
joint return). You can’t claim a credit if your MAGI is
$65,000 or more ($130,000 or more if you file a joint return).
For more information, see chapter 3. The American
opportunity credit MAGI limits are unchanged (see chapter
2).
Student loan interest deduction. For 2015, the
amount of your student loan interest deduction is gradually
reduced (phased out) if your MAGI is between
$65,000 and $80,000 ($130,000 and $160,000 if you file a
joint return). You can’t claim the deduction if your MAGI is
$80,000 or more ($160,000 if you file a joint return). See
chapter 4 for more information.
Coverdell ESA rollovers. You can make only one rollover
from a Coverdell ESA to another Coverdell ESA in
any 12-month period regardless of the number of Coverdell
ESAs you own. However, you can make unlimited
transfers from one Coverdell ESA trustee directly to another
Coverdell ESA trustee because such transfers aren’t
considered to be distributions or rollovers. The limit of one
rollover during any 12-month period doesn’t apply to the
rollover of a military death gratuity or Servicemembers’
Group Life Insurance (SGLI) payment. See chapter 7 for
more information.
Coverdell ESA qualified higher education expenses.
After 2014, qualified higher education expenses include
expenses paid or incurred for the purchase of computer or
peripheral equipment, computer software, or Internet access
and related services to be used primarily by the beneficiary
while enrolled at an eligible postsecondary school.
See chapter 7 for more information.
QTP qualified education expenses. After 2014, qualified
education expenses include expenses paid or incurred
for the purchase of computer or peripheral equipment,
computer software, or Internet access and related services
to be used primarily by the beneficiary while enrolled
at an eligible educational institution. See chapter 8 for
more information
Recontribution of refunded education expenses to a
QTP. If a student receives a refund after December 31,
2014, of qualified education expenses that were treated
as paid by a qualified tuition program (QTP) distribution,
the student can recontribute these amounts into a QTP for
which they are the beneficiary within 60 days after the
date of the refund to avoid the need to figure the taxable
part of the QTP distribution. For refunds received after December
31, 2014, and before December 18, 2015, a transition
rule allows the student to recontribute these
amounts by by February 16, 2016. See chapter 8 for more
information.