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March 13, 2021
Question

Why does my Federal tax go up when I add my 1098T?

  • March 13, 2021
  • 1 reply
  • 0 views
Any reasons why my taxes owed would go up after I add in my 1098T?

1 reply

Hal_Al
Employee
March 13, 2021

TurboTax is declaring some of your scholarship as taxable income is the usual explanation. If box 5 of the 1098-T is larger than box 1, the difference is taxable unless you tell TT otherwise.