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January 28, 2021
Question

Im entering my 1098t and the amount is 2774.58 in box 1 box 5 its 4286.00 for scholarships/grants.did not receive any scholarships only grants. im not receiving a refund

  • January 28, 2021
  • 1 reply
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Im not getting anything back from this although I spent money for some courses.

1 reply

Hal_Al
Employee
January 28, 2021

Grants and scholarships are the same thins, for tax purposes. The box 1 amount includes all  tuition and fees paid, regardless of the source of the money (out of your pocket or grants).  It does not include room and board or other non qualified expenses.

 

What makes you think you should be getting a refund?  Those numbers, alone, say you do not qualify for a tuition credit. 

 

 

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, 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.