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

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.

is there a place to enter room and board expenses for college so I can offset 529 distribution? I am using Deluxe 2025. Was easy to find in 2022-24. Can you help?

I have used TT for years. this has never been an issue until, DO I need to upgrade?

My son is a Junior in High School and taking 2 College courses that we paid $500 out right for how do I enter them in correctly

I put the info in under the education section and used the 1098-T info we received but it says he doesn't qualify as none of the follow up questions apply to him as he is still in high school. If there is no tax benefit for the $500 paid so be it but... read more

Discharge of certain student loan debt. My student loans were forgiven due to the school closing. Do I have to report?

My school is in KY, but it is one of many under the name and the "headquarters" is in PA. That's the address on my 1098-t, so can I still say my school is in KY?

This answer has been verified for accuracy by an Intuit expert employee Dependents Educational Assistance

Do I need to report Dependents Educational Assistance (Chapter 35 DEA) received when applying for the American Opportunity Tax Credit? There is a lack of information related to this specific benefit which is different than the GI Bill. The examples f... 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

Turbotax Premier College Expense Entry

I am using the desktop product for the 2025 tax year and I have entered the 1099Q and 1098T information, however I am not getting a screen to enter my other college expenses. It keeps taking me to the education credit and showing I owe taxes and pena... read more

where do you enter the expenses to match your distributions from a 529. Specifically, the room and board

How do you enter in TurboTax Premium Online qualified education expenses opposite a 529 1099-Q distribution?

It only asks about books purchased directly for the school and say you can add other expenses later, but there never is a later.

There is a mistake in the system: I should not be eligible for the American Opportunity Credit since I am already a graduate student. How should I claim lifetime learning

how should I claim Lifetime Learning credit in turbotax manually instead?

Can I earn credit for a teaching licensure program that I paid 5800 for but was not through a college?

Can I deduct interest paid on a Farmer Mac loan for land/cabins?

Farmer Mac does not provide a 1098, can I still deduct this interest?

Dependent received $4000 in private scholarships, sent directly to his school, paid toward room&board. Box 5 includes these funds, can I reduce box 5 by $4k for AOTC?

Box 1: $12,011 Box 5: $15,218 - this includes $4000 outside scholarships sent directly to the school which were paid toward room and board. School said they are not reporting this 1098T to IRS due to box 5 greater than box 1. I am unable to claim edu... read more

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Education: Deductions, Credits, and Answers

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

is there a place to enter room and board expenses for college so I can offset 529 distribution? I am using Deluxe 2025. Was easy to find in 2022-24. Can you help?

My son is a Junior in High School and taking 2 College courses that we paid $500 out right for how do I enter them in correctly

Discharge of certain student loan debt. My student loans were forgiven due to the school closing. Do I have to report?

My school is in KY, but it is one of many under the name and the "headquarters" is in PA. That's the address on my 1098-t, so can I still say my school is in KY?

This answer has been verified for accuracy by an Intuit expert employee Dependents Educational Assistance

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.

Turbotax Premier College Expense Entry

where do you enter the expenses to match your distributions from a 529. Specifically, the room and board

How do you enter in TurboTax Premium Online qualified education expenses opposite a 529 1099-Q distribution?

There is a mistake in the system: I should not be eligible for the American Opportunity Credit since I am already a graduate student. How should I claim lifetime learning

Can I earn credit for a teaching licensure program that I paid 5800 for but was not through a college?

Can I deduct interest paid on a Farmer Mac loan for land/cabins?

Dependent received $4000 in private scholarships, sent directly to his school, paid toward room&board. Box 5 includes these funds, can I reduce box 5 by $4k for AOTC?

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This answer has been verified for accuracy by an Intuit expert employee Dependents Educational Assistance

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