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March 16, 2021
Question

Should I file my tuition statement?

  • March 16, 2021
  • 1 reply
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I do not have any other income to file

1 reply

March 16, 2021

No, you should not file your tuition statement. Your scholarship does not consider as taxable income.  

Hal_Al
Employee
March 16, 2021

Probably not.  But if you are a dependent, your parent probably should.  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 (or your parent) are either eligible for a tuition credit or deduction or possibly the student has taxable scholarship income. 

 

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. 

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.