Question

I am trying to add my 1098-T to my tax return but it keeps saying that it is not deductible, why is that?

Forum|Forum|6 years ago
February 20, 2020
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You may need to provide additional information. Whose 1098-T is it? A dependent? Yourself? Please let us know a little bit more so we can help you.

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D

dpmmusic

Same for me on my 2022 return. Trying to enter 1098-T for my dependent, full-time student. Say's it's not deductable? It's a lot of money and should reduce the money I owe by a lot. Why is this happening?

B

BrittanyS

There are a few reason's why you may not qualify for the education expense deduction.

You're filing your return as Married Filing Separately
Your adjusted gross income (AGI) is too high
- The American Opportunity Tax Credit AGI limit is $90,000 ($180,000 for joint returns)
- The Lifetime Learning Credit AGI limit is $90,000 ($180,000 for joint returns)
Your expenses were paid with tax-free scholarships, fellowships, grants, education savings account funds, tax-free savings bond interest, or employer-provided education assistance

For more information on education credits, see the link below:

Education Expenses Credit

@dpmmusic

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