Student Loan & Education Tax Topics

Education

Education: Deductions, Credits, and Answers

There’s no doubt about it, education tax benefits can make a huge difference in your refund. The American Opportunity Tax Credit (AOTC) typically offers the largest tax break. But if you don’t qualify for that, there’s always the Lifetime Learning Cr... read more

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

Do I enter my 1098 form

I need to enter my 1098 form where

Withdrawing penalty-free from 529 when student received scholarships

We've always just claimed qualified expenses (less those counted against the AOTC) after scholarships for withdrawals from 529s for both kids. Now the youngest is entering her senior year and it looks like there will be money left in the 529(s) after... read more

Qualified 529 expenses

I know you can claim at least as much as the "estimated cost" from the school is. The "estimated cost" assumes a double (I think in one of the freshman dorms), and since freshmen are required to have an Unlimited meal plan, probably the least expensi... read more

does aviation institute of maintenance tuition, books, and my computer i use count for the education tax credit

the tuition is about 30k and by computer was over 1k and i pay a bunch in taxes at the moment working full time, my classes count as full time enrollment

Has anyon else had an issue with the tuition deduction worksheet-?on line 5 it ask for line G from the MAGI worksheet-?this is an error and cost be over $500 in interest

i am in MASS---the software requires a manual entry but gives improper direction

Parent Tuition Payments

I am the parent. I allow my son to file as non-dependent. I pay tuition but the 1098-T is in my son's name - do I claim the deduction?

I am not sure how to file my income, as I am a full-time PhD Student in Canada and my pay comes from the university, where I teach as an assistant.

Which page of the return do I use for college

I’m applying for a scholarship

Can I Avoid Offset?

I have an extension to file my 2024 US taxes, so I need to file in October. I'm joint filing with my husband. He has no income to report, but based on my teacher income here in Jordan, we stand to recieve a refund of about $3000 because of our three ... read more

Resident alien or Non-resident alien

Hi, I need to file taxes for year 2024. I don't know if i should consider myself Resident or Non-resident alien.I was present in US 8 days in year 2024, 365 days in 2023 and 365 days in 2022. Can anyone answer? Thanks in advance.

I was a student teacher and received a stipend with no taxes deducted. I got a 1099-NEC from the school, and TurboTax requested I file a SS-8 with IRS. Is that necessary?

Cancelled 1099-C

I received 1099-Cs from Discover Student Loans this year for cancelled student loan dept, I filed with those forms and ended up having to pay in for the first time. I recently received a letter from Discover saying that sending me those forms was a m... read more

Coverdell/529 rollover withdrawn for scholarships

I am wondering how much of a recent 529 withdrawal will be taxable. In Jan. 2025, we rolled over my daughter's Coverdell account to her 529 plan. I am the account owner and my daughter is the beneficiary. In June 2025 we made a withdrawal from her 52... read more