Am I eligible for any education credits if amount of scholarships & grants is more than amount billed for qualified tuition?

[kms089]

My son is in college & I claim him as a dependent.  I did not receive form 1098-T, but I can view it on college website.  Am I eligible for any education credits if amount of scholarships & grants is more than amount billed for qualified tuition?

[Marketstar]

If the amount of the grants exceed qualified educational expenses actually paid for, then you will have taxable income in which case the student will have to claim it on his/her return.

If the excess plus any additional income he earned in 2017 is less than his Standard Deduction (assuming earned income was from a W-2) of $6,350, he will not be required to file a return)

If educational expenses actually paid for exceed grants/scholarships, then you will claim both on your return-and in that event, you may receive an educational credit.

To enter educational expenses:

·       Type in 1098-t in the search box, top right of your screen, hit the Enter key

·       Click jump to 1098-t in the search results

·       Follow the prompts and online instructions