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January 30, 2024
Question

How can i add my college 1098-T form

  • January 30, 2024
  • 1 reply
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im filing mt w-2 but cant add my collge 1098-T form to file

1 reply

Hal_Al
Employee
January 30, 2024

In TurboTax (TT), enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-Scroll down to:

--Education

  --Education Expenses and Scholarships

 

If you are claimed as a dependent, you parents claim the tuition credit (enter the 1098-T), on their return.  

 

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit. 

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.

 

Reference: Line 7 instructions for form 8863. https://www.irs.gov/instructions/i8863