If I didn't add my 1098T on my tax return will I need to amend it? Will I then owe?

If you are not claimed as a dependent on your parents return you should consider filing an amended tax return.  If you are claimed as a dependent on your parents tax return then they should file for the Credit. 

If you qualify for the American Opportunity Credit the refund could be substantial.

The American Opportunity credit can reduce your tax liability by up to a $2,500 for educational expenses you or a dependent student incur during the first four years of post-secondary schooling.

The credit is calculated based on the amount you pay for tuition, fees, books and supplies required for the coursework. The credit is only available to students who enroll at least half-time for one or more academic semesters during the tax year and are pursuing a degree or other recognized credential.

-follow these links for more information-

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