Student Loan & Education Tax Topics

Education

Student Debt Relief Plan: Am I impacted?

On August 24, 2022, President Biden, Vice President Harris, and the U.S. Department of Education announced announced a three part student loan debt relief plan to help federal student loan borrowers following the pandemic. The three part plan include... read more

If I went to school full time for a semester during may through august do I qualify as a full time student

Can I do anything? I completed a college program to get my CDL paid $3,700 for the course can I get any deductions I have a reciept from the college?

On my 1098-t It says the scholarships grants exceeded payments received by the school. But I paid out of pocket after the scholarships were applied. Is this right?

Box 1 says 34,202.18 Box 5 says 35,956.94 I made a payment of 2500 this fall (the amount of my tuition and other fees not covered by scholarship). So i am confused how grants and scholarships could exceed expenses paid to university.

Lost regarding the education credit

Why is it saying that the school has to be in the state zip code to get the american credit. My daughter does school online for an out of state university.

Can't claim educ. tax break because "Scholarships, grants, & other tax free assistance exceed education expenses". Scholarship was $20,000, but tuition was $50,000. ?

Education expenses were greater than total scholarships, grants and other tax free assistance.

It keeps sending me back to Education. I think it's because I do not have a 1098-t from my daughter's college but they said I don't get one. What do I do?

I got a 1098-t for myself but her tuition was covered completely. The school insists that there's no 1098-t in that instance, and I never got on before. How do I get Turbotax to stop taking me in circles?

Deduction for Student Room and Board Paid w/529 Plan

Turbo Tax states that generally room and board for university students is not deductible - unless it is paid with a Coverdell ESA or 529 plan distribution. In our case, I paid for some of my daughter's housing costs from a 529 plan. I can't figure ou... read more

how do I prevent being taxed on funds i received 1099Q for distribution from 529 I own for my grandson, the funds were transferred to him for a state university?

why is qualified withdrawal from 529 i took and transferred to the beneficiary for state university taxable to me?

What tax rate is charged to taxable scholarships

My son has taxable scholarships and also works. We claim him as a dependent but the scholarship is greater than qualified expenses. He was working before the scholarship were awarded and expected to earn less than 10,000 so no federal taxes were with... read more

1099 Misc and Scholarship

My child received a 1099 Misc form for a $2500 scholarship that could be used for anything by my company. I reported it to the university and it is included on the 1098 T form. About $1300 of the scholarship is considered taxble because it exceeded t... read more

This answer has been verified for accuracy by an Intuit expert employee My employer pays for my son's graduate school - question on if he is dependent

My son gets full tuition remission for his law school through MY employer.Because this is viewed as a taxable benefit, I get the taxes withdrawn from MY paycheck.I know he is no longer someone I can claim for child benefits, but I am wondering if he ... read more

hello how come turbo tax is using my student loan interest from last year when I submitted the my new 1098 form?

For "New Jersey Institution of Higher Education Tuition" deduction, do I deduct the amount I paid along with scholarship and grants or only what I paid out of pocket?

MD502CR Form

I have a certificate for Student Loan Debt Relief and I have entered the amount for it on my tax return but I noticed that I am getting a $1,500 credit under taxpayer A & B for Quality Teacher Incentive Credit but I am not a teacher. How do I get rid... read more

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Featured Topics

Student Debt Relief Plan: Am I impacted?

If I went to school full time for a semester during may through august do I qualify as a full time student

Can I do anything? I completed a college program to get my CDL paid $3,700 for the course can I get any deductions I have a reciept from the college?

On my 1098-t It says the scholarships grants exceeded payments received by the school. But I paid out of pocket after the scholarships were applied. Is this right?

Lost regarding the education credit

Can't claim educ. tax break because "Scholarships, grants, & other tax free assistance exceed education expenses". Scholarship was $20,000, but tuition was $50,000. ?

It keeps sending me back to Education. I think it's because I do not have a 1098-t from my daughter's college but they said I don't get one. What do I do?

Deduction for Student Room and Board Paid w/529 Plan

how do I prevent being taxed on funds i received 1099Q for distribution from 529 I own for my grandson, the funds were transferred to him for a state university?

What tax rate is charged to taxable scholarships

1099 Misc and Scholarship

This answer has been verified for accuracy by an Intuit expert employee My employer pays for my son's graduate school - question on if he is dependent

hello how come turbo tax is using my student loan interest from last year when I submitted the my new 1098 form?

For "New Jersey Institution of Higher Education Tuition" deduction, do I deduct the amount I paid along with scholarship and grants or only what I paid out of pocket?

MD502CR Form

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This answer has been verified for accuracy by an Intuit expert employee My employer pays for my son's graduate school - question on if he is dependent

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