Skip to main content
February 3, 2021
Question

No income in 2020, but spent savings on $4000 on college courses. When I try to add 1098t form it won't let me add myself as a student, only gives an estimate on return.

  • February 3, 2021
  • 1 reply
  • 0 views
I have gone through all the suggestions the "help computer" has.

1 reply

Hal_Al
Employee
February 3, 2021

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.