turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I input my FAFSa information?

Do I claim the money given to me from my FAFSA or does my parent?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Employee Tax Expert

Where do I input my FAFSa information?

If your parents claim you as their dependent, they might be eligible for an education credit. 

In that case they would subtract any money/scholarships you received through FASFA from the amount that was paid for expenses. 

If there was more expenses (like Tuition, Book, supplies) paid than what you received, they might get a credit.

 

If you got MORE than what it cost for education purposes then YOU claim the excess. 

 

If you and your parents both use TurboTax, the best way to do this is to have your parents enter the 1098-T (this reports the payments made to the school) and their program will tell them if YOU need to claim any of those funds as income. 

 

Pub 970 has a lot more info and is not too hard to understand. 

Here is a TurboTax link with more information. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question