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

Education assistance from employer and school

I got scholarships from my school and education assistance from my employer. Following are my scenarios:1098-T:Box 1 = 31743Box 5 = 64743 W-2:Box 1 shows Tuition Reimbursement - Tax = 643.7 Tuition paid to school - Taxable = 17161 From Turbotax under... read more

It is not letting me use the American opportunity credit

It keeps putting the lifetime learning credit on there and not letting me use the American Opportunity Credit which I am still eligible for 2 more years,.

1099Q recipient differ from the recipient shown in the 1099Q issued

In the 1099Q that I've received from my son's 529 plan I'm listed as the recipient on the form, and I've indicated so when I answered the questions from TurboTax. However, the 1099Q form generated from TurboTax still shows my son as the recipient. Th... read more

1099-NEC for Student Loan Repayment Program - Texas

Received a 1099-NEC from the Texas Higher Education Coordinating Board as part of the Teach for Texas Loan Repayment Assistance Program. This is a 3rd party and I am not employed by them. When I attempt to add the 1099-NEC, none of the options presen... read more

Turbo Tax is not allowing me to input qualified education expenses from my 529 plan withdrawals.

Background. I have had 529 plans for my daughters for 25 years and have used Turbo Tax for about 30. The last 10 years I have entered qualified education expenses from 529 withdrawals into Turbo Tax with no big issues. This year, I input the 1099-Q i... read more

where do I enter off campus housing costs for college, paid for with 529 funds?

1099-Q box 6 question is worded very confusing

the step-by-step form for the 1099-Q brings you to Box 6. The question is worded twice. Once where you would answer Yes. And once where you would answer No.=======================Box 6: Is the recipient of the distribution the designated beneficiary?... read more

Returns with 0 (zero) WFTC refunds are not eligible for electronic filing

This is the error for filing Washington State taxes questions. Washington does not have an income tax, but does offer WFTC. I don't qualify. Why does TT keep coming up with this error, "Returns with 0 (zero) WFTC refunds are not eligible for electron... read more

Why doesn't turbotax allow me to enter qualified education expenses like room & board? is their a problem with the software?

It allows books and supplies to be entered if charged by the institution, and indicates other expenses can be entered later, but it never then prompts for other expenses before moving out of the 1098-T and 1099-Q sections in the online version.

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Received sodium don't pay school taxes?

Don't iwn property

2025: Son turned 24 in August. Graduated May 2025. Used 529 for his tuition He was under our ACA medical. Now TurboTax says not dependent.

Son turned 24 in August 2025. Graduated May 2025. We used 529 for his Tuition/Room/Board. He was also on our ACA Medical. Now Turbo Tax says he is not a dependent. What do I do?