Am I required to enter my 1098T if i received Financial Aid?

KrisD15 · ‎February 6, 2025

If Box 1 is is larger than Box 5 (or Box 5 is empty), you might want to enter the 1098-T to apply for an education credit.

If someone else claims you as their dependent, give them your 1098-T so that they might get a credit.

HERE is a link with more information

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Hal_Al · ‎February 7, 2025

You may be leaving money on the table. The most generous credit is 100% of the first $2000 in box 1of that 1098-T.

How old are you? Are you a full time student or half time+? Are you or can you be claimed as a dependent? Do you have enough other income to have a tax liability (you may get money even if you don't). How much is in box 1? Do you have additional expenses for books and a computer?

@Dawn2911