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

Treatment of employee stock shares after acquisition

Suppose the following scenario occurs:An employee of company A has 1000 vested shares of company Acompany B purchases company AAs part of this acquisition, employees of company A can chose to receive from amoung the following:- a payout of $5.00 per ... read more

In 2024 it says i had a 1098-e but it was a 1098-t. how do I fix this?

If I financially supported myself except for tuition, paid for by GI, can I say that I supported myself?

Properly entering 529 distributions and education expenses with non-dependent son and scholarship

I am having trouble entering data properly in TurboTax for my education situation. Details:529 account in my name with my son as beneficiaryMy son is not my dependent for tax year 2025 (we are separated and MFS; my wife is claiming him)1098-T to my s... read more

PA enacted a student loan interest deduction for 2025 with no income limit (Act 56). TurboTax is omitting it for filers above the federal phase-out threshold.

Pennsylvania's new deduction (up to $2,500, reported on Schedule O) is independent of the federal deduction — PA has no income phase-out. But when TurboTax zeros out the federal deduction due to income, it silently skips Schedule O on the PA return e... read more

Work Study Financial Aid / Income Question, Please help

My daughter is a full time college student who went from being an undergraduate in May 2025, to a graduate student in August 2025. She had work study as both an undergrad and a grad student. The school sent her a W2 with her wages. My question: In Tu... read more

can an adult mark full time student or is it just a child?

People Worksheet is not passing the student info to Student Information Worksheet

When I checked the box for Part I Student Status 2c for college, the desktop version gave me the NOT DONE indicator for the form. Also, the information input into Part II College Student Information is not passing to the Student Information Worksheet... read more

Dependent form 8615/schedule D

We are claiming our daughter as a dependent, as she is a full-time student and has no earned income. She did, however, receive a 1099 for unearned income and therefore is required to file. In completing her information, TT asks for our Schedule D inf... read more

can i receive american opportunity credit it my parents received it years prior?

as i am not on their tax anymore because i aged out

We have 2 people filing jointly and need to enter 2 credits for student loan repayment, each worth $2500, but the form does not allow for this.

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

AOTC and 529 w/d basis portion

My son is NOT my dependent and NOT a qualifying relative (due to his age/income and not being a FT student). He was a half-time student his final spring semester and he got a 1098-T for $5,000. This is the first year he has not been my dependent so t... read more

Is there an answer for "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet?

If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet, what do I put here. One of my daughter's is already listed for If the designated beneficiary is a dependent, doub... read more

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Education: Deductions, Credits, and Answers

Treatment of employee stock shares after acquisition

In 2024 it says i had a 1098-e but it was a 1098-t. how do I fix this?

If I financially supported myself except for tuition, paid for by GI, can I say that I supported myself?

Properly entering 529 distributions and education expenses with non-dependent son and scholarship

PA enacted a student loan interest deduction for 2025 with no income limit (Act 56). TurboTax is omitting it for filers above the federal phase-out threshold.

Work Study Financial Aid / Income Question, Please help

can an adult mark full time student or is it just a child?

People Worksheet is not passing the student info to Student Information Worksheet

Dependent form 8615/schedule D

can i receive american opportunity credit it my parents received it years prior?

We have 2 people filing jointly and need to enter 2 credits for student loan repayment, each worth $2500, but the form does not allow for this.

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,

AOTC and 529 w/d basis portion

Is there an answer for "If the designated beneficiary is someone else, double-click to link this1099-Q to the applicable Qualified Education Expenses Worksheet?

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