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Figuring the Amount Not Subject to the 10% Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 Reporting Early Distributions . . . . . . . . . . . . . . . 55 Chapter 9. Education Savings Bond Program . . . . . . . . . . . . . . . . . . . . . . . . 56 Who Can Cash in Bonds Tax Free? . . . . . . . . . . 56 Figuring the Tax-Free Amount . . . . . . . . . . . . . . 57 Claiming the Exclusion . . . . . . . . . . . . . . . . . . . 57 Chapter 10. Employer-Provided Educational Assistance . . . . . . . . . . . . . . . . . . . . . . . . . . . 57 Chapter 11. Business Deduction for Work-Related Education . . . . . . . . . . . . . . . . 58 Qualifying Work-Related Education . . . . . . . . . . 59 What Expenses Can Be Deducted? . . . . . . . . . . 62 How To Treat Reimbursements . . . . . . . . . . . . . 64 Deducting Business Expenses . . . . . . . . . . . . . 65 Recordkeeping . . . . . . . . . . . . . . . . . . . . . . . . . 66 Chapter 12. How To Get Tax Help . . . . . . . . . . . . 66 Appendix . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71 Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77 Future Developments For the latest information about developments related to Pub. 970, such as legislation enacted after it was published, go to IRS.gov/Pub970. What's New Student loan interest deduction. For 2022, the amount of your student loan interest deduction is gradually re- duced (phased out) if your MAGI is between $70,000 and $85,000 ($145,000 and $175,000 if you file a joint return). You can’t claim the deduction if your MAGI is $85,000 or more ($175,000 or more if you file a joint return). See chapter 4. Education savings bond program. For 2022, the amount of your education savings bond interest exclusion is gradually reduced (phased out) if your MAGI is between $85,800 and $100,800 ($128,650 and $158,650 if you file a joint return). You can't exclude any of the interest if your MAGI is $100,800 or more ($158,650 or more if you file a joint return). See chapter 9. Business deduction for work-related education. Gen- erally, if you claim a business deduction for work-related education and you drive your car to and from school, the amount you can deduct for miles driven from January 1, 2022, through June 30, 2022, is 58.5 cents a mile. The amount you can deduct for miles driven from July 1, 2022, through December 31, 2022, is 62.5 cents a mile. See chapter 11. Reminders Form 1098-T, Tuition Statement. When figuring an ed- ucation credit, use only the amounts you paid and are deemed to have paid during the tax year for qualified edu- cation expenses. In most cases, the student should re- ceive Form 1098-T from the eligible educational institution by January 31, 2023. However, the amount on Form 1098-T might be different from the amount you actually paid and are deemed to have paid. In addition, Form 1098-T should give you other information for that institu- tion, such as adjustments made for prior years; the amount of scholarships or grants, reimbursements, or re- funds; and whether the student was enrolled at least half-time or was a graduate student. The eligible educa- tional institution may ask for a completed Form W-9S, Re- quest for Student's or Borrower's Taxpayer Identification Number and Certification, or similar statement to obtain the student's name, address, and taxpayer identification number. Form 1098-T requirement. To be eligible to claim the American opportunity credit or lifetime learning credit, the law requires a taxpayer (or a dependent) to have received Form 1098-T, Tuition Statement, from an eligible educa- tional institution, whether domestic or foreign. However, you may claim a credit if the student doesn't receive Form 1098-T because the student's educational institution isn't required to furnish Form 1098-T to the stu- dent under existing rules (for example, if the student is a qualified nonresident alien, has qualified education ex- penses paid entirely with scholarships, has qualified edu- cation expenses paid under a formal billing arrangement, or is enrolled in courses for which no academic credit is awarded). If a student's educational institution isn't re- quired to provide Form 1098-T to the student, you may claim a credit without Form 1098-T if you otherwise qual- ify, can demonstrate that you (or a dependent) were enrol- led at an eligible educational institution, and can substan- tiate the payment of qualified tuition and related expenses. You may also claim a credit if the student attended an eligible educational institution required to furnish Form 1098-T but the student doesn’t receive Form 1098-T be- fore you file your tax return (for example, if the institution is otherwise required to furnish Form 1098-T and doesn’t furnish it or refuses to do so) and you take the following required steps: After January 31, 2023, but before you file your 2022 tax return, you or the student must request that the educational institution furnish Form 1098-T. You must fully cooperate with the educational institution's efforts to gather the information needed to furnish Form 1098-T. You must also otherwise qualify for the benefit, be able to demonstrate that you (or a dependent) were enrolled at an eligible educational institution, and substantiate the pay- ment of qualified tuition and related expenses. Educational institution's EIN required. To claim the American opportunity credit, you must provide the educa- tional institution's employer identification number (EIN) on your Form 8863. You should be able to obtain this Page 2 Publication 970 (2022)