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April 11, 2022
Question

I didnt have a student loan but I did pay almost $500 to a school I was attending in 2021. how do I enter that on Turbo tax??

  • April 11, 2022
  • 1 reply
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1 reply

hbl3973
Employee
April 11, 2022

maraluisaca23,

 

Education credits are generally available to out-of-pocket expenses for tuition and things like textbooks.  Student loan monies spent by a student are considered out-of-pocket expenses, but any money you have and spend fits the out-of-pocket category.  You can peruse IRS publication 970 

https://www.irs.gov/pub/irs-pdf/p970.pdf

for many details.

 

Now the kicker:  the IRS generally insists the higher educational institution issue a 1098-T form before they will allow you to claim an educational tax credit.  If you didn't get one, you should follow the instructions on pages 2-3 of pub 970 to try to get one before you file your taxes.