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

Can anyone help me understand why simple 529 plan fund transfer to another 529 plan program turns out taxable income?

I transfer the whole amount from Washington state GET to 529 plan in 60 days. This is direct trustee to trustee transfer, but TurboTax shows taxable income. 'Trustee-to-trustee transfer' option checked, but changed my taxable income. Why is it?

529 distribution for professional credential expenses

Legislation change: Signed into law on July 4th, 2025, the OBBBA initiated 529 plan rule changes that include an expansion in the definition of qualified expenses. Many credential programs (such as a CPA exam) are now qualified. Question: Where and h... read more

1098-T Form for dependent has excess scholarship in Box 5. Unable to account for the excess.

My dependent kid's 1098-T has box 5 > Box 1. All the bright future amount was paid directly for Tuition and Fees. She had an expense (For a trip) that she got refunded as Financial aid refund ($500) after she had paid out of pocket. That leaves out @... read more

Post-9/11 GI Bill & 1098-T

I am currently a graduate student in a program that provides a tuition waiver in exchange for my work as a graduate teaching assistant. I received a 1098-T that has amounts listed in Box 1, Box 5, and has Box 8 and Box 9 checked. I'm also a veteran u... read more

Turbotax is calculating a portion of the 1099Q distribution for a full-time dependent student as taxable despite being less than the qualified tuition on the 1099T?

Is Lifetime Learning Credit allowed for High School concurrent enrollment expenses paid in full with scholarship?

Is high school curriculum paid by high school to eligible post-secondary institution eligible for Lifetime Learning Credit?

Do I have to enter a scholarship I received?

I have a full scholarship. I did not receive a 1098-T from the school. Do I need to list the scholarship?

If I teach in a college gull time and I teach additional courses in the summer to make extra money, does that qualify as overtime?

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

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

Why won’t it take American express

Says my card number is invalid even though it is not

How can I edit my student info worksheet?

My daughter received a scholarship from her work to pay her tuition. I need to pay taxes on the earnings from her 529 plan and the program isn't letting me do that.

I even added her scholarship in the "additional scholarships" box.

A student attending school in GA, the student is a WA resident, to answer "what was your state of residence in 2025", none of the 3 answers is correct.

date of GA residency, from and to, how to fill out the from and to dates, since student come home during school break

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Featured Topics

Education: Deductions, Credits, and Answers

Can anyone help me understand why simple 529 plan fund transfer to another 529 plan program turns out taxable income?

529 distribution for professional credential expenses

1098-T Form for dependent has excess scholarship in Box 5. Unable to account for the excess.

Post-9/11 GI Bill & 1098-T

Turbotax is calculating a portion of the 1099Q distribution for a full-time dependent student as taxable despite being less than the qualified tuition on the 1099T?

Is Lifetime Learning Credit allowed for High School concurrent enrollment expenses paid in full with scholarship?

Do I have to enter a scholarship I received?

If I teach in a college gull time and I teach additional courses in the summer to make extra money, does that qualify as overtime?

Treatment of employee stock shares after acquisition

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

Why won’t it take American express

How can I edit my student info worksheet?

My daughter received a scholarship from her work to pay her tuition. I need to pay taxes on the earnings from her 529 plan and the program isn't letting me do that.

A student attending school in GA, the student is a WA resident, to answer "what was your state of residence in 2025", none of the 3 answers is correct.

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