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

Where do I add the educational books required for my class courses that I did not pay directly to my school?

I paid for the books and bought them from Amazon, etc. but they were required for my course

Where does my 1098 home loan go

1098 form

1098T Loophole

This spring I was a senior in college with my final semester paying ~$2,500 for tuition (1098T box 1) and receiving ~$12,000 in scholarships (1098T box 5). During the year I made ~$45,000 in income from a job. Based on my research, I believe I should... read more

My school doesn’t give 1098 -Ts and it won’t give me their EIN number to file so how do I deduct my education expenses to qualify for the tax credit s . I went to a private school and university for 2 years AA degree?

I went to a private accredited college 4 years and finished up 2:5 years. I qualify with a scholarship and education expenses but I don’t know how to fill out forms as I get stuck on the student information form and its asking for schools EIN number?... read more

I’m so confused on this 1098T

This is our 1st year dealing with this 1098T. Box 1 has 2859.15, Box 5 has 10801.65. My daughter has W2 income of around 14000. What goes on her return and what goes on our return? Is it beneficial for us to put the entire form on our return or go on... read more