1098 t

Q. Are my parents able to file my form 1098-T on their taxes? 

A. Your parents file the 1098-T, on their return, but only if they are claiming you as a dependent.

Q.  Or do I? If I claim it, is there some sort of deduction they can claim for sending me the money? 

A. No. If they decide not to claim you as a dependent, the cannot claim any of the money paid. But, you may be able to (but usually not). 

While technically there is a provision that allows a student-dependent to claim a federal tuition credit, from a practical matter it seldom works out.  A full time student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit (AOTC) if he/she supports himself by working. She cannot be supporting herself on student loans & grants and 529 plans and parental support.  It is usually best if the parent claims that credit.  

If the student actually has a tax liability, there is a provision to allow him to claim a non-refundable tuition credit. But then the parent must forgo claiming the student as a dependent, and the $500 other dependent credit.  The student must still indicate that he can be claimed as a dependent, on his return. This is worth up to $2500 (AOTC shifts to all non refundable)