American tax credit qualify if receiving financial aid

patriciamartinez · ‎June 7, 2019

KrisD · ‎June 7, 2019

Yes

But you need to subtract the tax-free assistance from any expenses you use to claim an education credit.

If you received a 1098-T from the school, box 5 should have the financial aid listed.

Enter the form on the 1098-T screen in the Federal Taxes, Deductions & Credits, Education section.

Follow the prompts and answer the interview questions.

The program will determine if you are eligible for a credit.

KrisD · ‎June 7, 2019

Yes

But you need to subtract the tax-free assistance from any expenses you use to claim an education credit.

If you received a 1098-T from the school, box 5 should have the financial aid listed.

Enter the form on the 1098-T screen in the Federal Taxes, Deductions & Credits, Education section.

Follow the prompts and answer the interview questions.

The program will determine if you are eligible for a credit.

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