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February 29, 2020
Question

Scholarship or Grants question in Turbo Tax program

  • February 29, 2020
  • 1 reply
  • 0 views

Program software has the following question selected both radio buttons.  How can I fix my answer from both to YES?    

Did NAME Receive a Scholarship or Grant in 2019?

Let us know if Name got a scholarship, grant or any of these other types of aid:

Fellowship

Employer-provided assistance

Veterans' education benefits

Other tax -free assistance

 

I have a 1098-T that I'm able to claim and have been able to claim the American Opportunity Credit for the last 4 years and now the program is showing I don't qualify for it.  Is it due to this cliché in this question?  Or is there a max number of years this credit can be claimed. 

 
 
 

 

1 reply

DoninGA
Employee
February 29, 2020

The AOC  can only be used for 4 years of post-secondary education.

See the chart on IRS Publication 970 Tax Benefits for Education page 19 - https://www.irs.gov/pub/irs-pdf/p970.pdf#page=19

February 29, 2020

Okay. thanks.. That what I was thinking as well. 

Hal_Al
Employee
February 29, 2020

You may still be eligible for the less generous Lifetime Learning Credit (LLC) or Tution and fees Deduction(TFD).