Question

Tax Year Prior to 2020: How do I claim the $1,000 I paid out of pocket for tuition?

Forum|Forum|7 years ago
June 4, 2019
2 replies
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TurboTax Free Edition Online

Employee

Your school will issue you a Form 1098-T. This will reflect how much you paid to the school for tuition. You must use the information on Form 1098-T to claim education credits.

Log in to your school portal. Most schools furnish the document electronically. It may be listed under tax documents.

You can also deduct amounts paid for books. Make sure to hang onto these receipts too.

See the TurboTax FAQ below for steps on entering Form 1098-T. Click "See entire answer" for the full view.

https://ttlc.intuit.com/replies/4194409

K

konsrey247

So if I paid $5000 out of pocket towards my school tuition, I wouldn't type that anywhere because form 1098-T should have implied that I paid the costs not covered by grants and scholarships?

V

VictorW9

Your 1098-T should include the total amount received by the institution in box 1. If you didn't receive a 1098-T from the institution, make sure to state that fact and keep your records and be prepared to produce the records if asked by the IRS.

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K

konsrey247

In the Deductions and Credits, there is a list that shows all the tax breaks such as EIC, Income Taxes Paid, etc. Under Education and Scholarships, the number listed was equivalent to subtracting my scholarships from my out of pocket tuition expense. I am confused, because I paid on top of what wasn't covered by grants and such. Shouldn't I see that expense there instead?