I don’t understand how I apply for a student credit?

Forum|Forum|2 years ago
February 17, 2024
1 reply
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I did two semester’s in online school.

TurboTax Deluxe Online

AmyC

Employee

If you are the student and your parents claim you, they will claim the credit. If you are filing on your own, you may qualify.

See:

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Hal_Al

Employee

In TurboTax (TT), enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-Scroll down to:

--Education

--Education Expenses and Scholarships

But, be aware that 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 claimed as a dependent by someone else.

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