Skip to main content
February 17, 2025
Question

Our 18-year Son takes community college classes in high school, and we have a 1098-T with very small amounts - do we need to include it.

  • February 17, 2025
  • 3 replies
  • 0 views
No text available

    3 replies

    KrisD15
    February 18, 2025

    No, you do not NEED to include Form 1098-T unless Box 5 (scholarships) is larger than Box 1 (tuition paid). 

     

    (in that case there would be taxable income that the student would need to claim) 

     

    If Box 5 is larger, please continue the question thread and let us know.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    Employee
    February 18, 2025

    You don’t have to include it but any expenses greater than any scholarship can be used by you for Lifetime Learning Credit. 

    Hal_Al
    Employee
    February 18, 2025

    The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or possibly your student has taxable scholarship income.

     

    If your concern is that you don't want the kid to have to file a tax return over small amounts, that's not a problem.  He is not required to file a return if the taxable amount (the amount box 5 exceeds box 1) is less than $14,600 (assuming he has no other income).

     

    If Box 1 of the 1098-T is more than box 5, the difference qualifies you for a 20% (of the difference) tax credit.  You may file his 1098-T, on your tax return, to claim the credit.  But it is not mandatory that you claim it.