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June 3, 2019
Question

I received a scholarship & grant. I also applied for a loan (some $$ was left over) turbotax is telling me i do not qualify for an education credit. is that correct?

  • June 3, 2019
  • 1 reply
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1 reply

KrisD15
June 3, 2019

Credits are based the amount of expenses that are more than tax-free assistance used in the tax year. 

The independent student or the person claiming the dependent student applies for the credit. 

CLICK HERE for IRS Pub 970 Tax Benefits for Education


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