I don't see my 2020 tax break from my 1098-T. Where can I verify that this information was submitted last year? If it wasn't submitted, can I claim it this year?

Forum|Forum|4 years ago
February 9, 2022
1 reply
0 views

No text available

TurboTax Deluxe Online

Best answer by Hal_Al

I am 26 and cannot be claimed as a dependent by anyone. Does this change my ability to receive a tax break?

Q. I am 26 and cannot be claimed as a dependent by anyone. Does this change my ability to receive a tax break?

A. Yes.

Only the American Opportunity Credit (AOC) has a refundable feature. The AOC is not available for Grad students. The AOC may only be claimed 4 times in your education career. Times claimed by your parent, back when you were a dependent count towards your 4 times.

DanaB27

No, you cannot claim 2020 education expense this year. If you didn't claim in 2020 it then you will need to file an amended tax return (Form 1040-X). Please see How do I amend my 2020 return?

Please verify line 29 on the 2020 Form 1040 if you received the American Opportunity Credit or check Schedule 3 for Education Credit. You can also check if Form 8863, Education Credits was included on your 2020 return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Hal_Al

Employee

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. You usually must have actually paid tuition, not had it paid by scholarships & 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