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

The PA state deduction for student loan interest should be capped at the lesser of my actual (1300) or $2500. Why is it capping at $775?

Turbo Tax is stating that the total student loan interest cannot exceed the amount allowed on my federal return at $775. However, my actual on the federal return is ~$1320 which is well within the limit for the deduction. Edit: found out it was an ag... read more

Can I deduct college tuition paid for with a GET account?

How taxable scholarships affect 529 QEE

@Hal_Al ,I’m still not clear on whether taxable scholarships our student reports as income increase the qualified portion of our 529 distribution or reduce it – depending on whether we took a 529 reimbursement for some of the taxable scholarship tota... read more

If I paid less than $600 in student loan interest, I don't get a 1098e. Can I still claim the interest I paid even though I don't have the form?

The software asks me to enter the information from 1098-E, but I don't have one because the amount paid was less than $600. That said, I have records of how much was paid, so I know what the total is. Do I just enter that number as though I had the 1... read more

1098T Dependent

I have a college freshman. She just recieved their 1098T. Box 1 for tuition and payment recieved is $6,039.50. Box 5 for scholarships and grants is 9,154.66. Books and computer cost was $1500. She is a dependent on my tax return. I heard that the loo... read more

It says the wrong state on my 1098-T form, I entered it correctly many times. Why is this?

It says IN instead of NY and it won’t let me fix it.

MN Student Loan Credit

Minnesota residents who make payments on their own postsecondary education loans may qualify for a nonrefundable credit. To qualify, both of these must be true:You are a full-year or part-year Minnesota resident.You make payments on your own qualifyi... read more

Can I use my student bean discount as a college student?

Is tuition for non-credit life skill classes for disabled adults tax deductible? They do earn a certificate after 2 years.

If my filing is only a W-2, standard deduction, and student loan interest, all of which are listed as a simple filing, why am I being forced to upgrade to Deluxe?

It says under Why do I need to upgrade? :

I withdrew funds from a 529 account but did not use them for educational expenses. Where do I report the 10% penalty for non-qualified expenses?

Why did I not get the extra $6000 Senior deduction? Im well below the income threshold

Is it only if you are claiming social security benefits?

TurboTax Online 2025 currently has a bug that makes it impossible to claim the Lifetime Learning Credit for a foreign school. It keeps defaulting to AOTC,

THE FOREIGN SCHOOL IS US DOE ACCREDITED BUT DOES NOT ISSUE 1098-T AND DOES NOT HAVE A FEDERAL ID NUMBER

American Opportunity Tax Credit- both spouses

My husband has claimed this credit once before and has been at least half time. I just started my bachelor's and applied my 1098-T, but it says I'm not eligible..? We've been married for 10 years filing jointly. This is my 1st year of bachelor's, but... read more

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Education: Deductions, Credits, and Answers

The PA state deduction for student loan interest should be capped at the lesser of my actual (1300) or $2500. Why is it capping at $775?

Can I deduct college tuition paid for with a GET account?

How taxable scholarships affect 529 QEE

If I paid less than $600 in student loan interest, I don't get a 1098e. Can I still claim the interest I paid even though I don't have the form?

1098T Dependent

It says the wrong state on my 1098-T form, I entered it correctly many times. Why is this?

MN Student Loan Credit

Can I use my student bean discount as a college student?

Is tuition for non-credit life skill classes for disabled adults tax deductible? They do earn a certificate after 2 years.

If my filing is only a W-2, standard deduction, and student loan interest, all of which are listed as a simple filing, why am I being forced to upgrade to Deluxe?

I withdrew funds from a 529 account but did not use them for educational expenses. Where do I report the 10% penalty for non-qualified expenses?

Why did I not get the extra $6000 Senior deduction? Im well below the income threshold

TurboTax Online 2025 currently has a bug that makes it impossible to claim the Lifetime Learning Credit for a foreign school. It keeps defaulting to AOTC,

American Opportunity Tax Credit- both spouses

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