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April 15, 2020
Question

1098-T form

  • April 15, 2020
  • 2 replies
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Can I get my 1098-T refund if all my college expenses are paid with my financial aid? I didn't get any loans 

2 replies

April 16, 2020

No, you can't claim education expenses for a deduction or credit unless you paid them, or took out loans to pay them. 

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Hal_Al
Employee
April 16, 2020

Maybe.  How old are you and how do you support yourself?

 

If you are a student, over age 23, and are not claimed as a dependent by someone else (e.g. your parent) you may be eligible for the up to $1000 refundable American Opportunity (tuition) Credit. That credit is not dependent on having either kids or earned income. You must be at least a half time undergraduate student. There's even a loop hole available to claim the credit, if you are on scholarship.