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Question

I did not work last year but i got a small school loan of around $2,500, do i still need to file taxes??

Forum|Forum|6 years ago
April 14, 2020
2 replies
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TurboTax Online

No, you are not required to file a tax return.

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Employee

Loans are not income. Scholarships SOMETIMES can be, but not usually.

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, degree or certificate candidate, undergraduate student.