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

1099-Q - Do I have to put the information on my taxes?

Do I need to put the 1099-Q information on my taxes? The education expenses are greater than the amount withdrawn, but TT keeps taxing part of my 529 distribution, even if I do not take an education credit (which they say is double dipping). I have t... read more

Turbotax 2025 - 529 distribution (1099Q) and 1098T form

Please help with my questions below: My son (who I claimed as a dependent) has received his 1099Q (25K, under his name from 529 distributions paying his college directly) and 1098T (25K, also under his name). I have received my own 1099Q for $2K (fro... read more

Where can I enter room and board expense for my college? I am a full time student. The turbo tax application does not allow me to enter this expense.

do music classes qualify as after Scholl programs under dependent tax credit

do music classes qualify as after Scholl programs for tax purposes

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

Room and Board Expenses Not Able to be Applied Against 529 Disbursements Reported on 1099Qs

After being a long-time patron, here's why I will no longer be using TurboTax software: 1. the 2025 tax software does not have any place where one can put expenses for room and board to offset 529 distributions (as reported on the 1099Q form).2. I co... read more

Where do I enter room and board expenses for college? The 1098-T section only asks about tuition. 1099-Q section is no help either.

When I enter the 1099-Q info, TT is saying that we have $8500 of taxable income, but it clearly has not taken into account nearly $13K of room and board (because there has been no prompt to enter the room and board). All 529 distributions were to my ... read more

why TurboTax does not show "room and Board" for education expense? I have inputed 1099-Q and 1099-T, but the "Room and board" question/section never showed up.

I have inputed 1099-Q and 1099-T, but the screen a screen that asks: "Did [Child's Name] pay for books or materials to attend school?" never showed up. As a consequence, i cannot input the "Room and board" . how to make it to show this screen/section... read more

Tax burden for 529 distribution to me or my child

I want to withdraw from 529 to reduce the account balance. But I don't know if it is better for tax benefit to choose me (account owner) or my son (beneficiary) as recipient for the distribution. The situation is:My son has excess scholarship that co... read more

I purchased 2 cars that qualify for the vehickle loan interest deduction, but turbo tax shows $0. Why?

income ~$210K

Unable to enter ADDITIONAL education expenses in TurboTax 2025!

In TurboTax 2025 I am unable to enter additional higher education expenses, including Room and Board, to offset qualified withdrawals from a 529 account. Without this option, I will be taxed on 529 withdrawals that should NOT be taxed! This option ha... read more

529 distribution

I paid for room and board for my non-dependent child who is attending college and I got reimbursed from their 529 plan. The 1099-Q is in my name and it showed the reimbursement that I received (and box 6 showed that the recipient is not the designate... read more

how deduct 1098Q earnings to parent for a non-dependent child?

I have a legacy 529 plan that was used to pay for graduate school for a child age 26 that is no longer a dependent. The 1098Q was issued to me, not the child. How do I deduct the funds or show they went to education expenses for non-dependent? Should... read more