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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.
CLICK HERE for IRS Pub 970 Tax Benefits for Education
CLICK HERE for a guide to the 1098-T
https://ttlc.intuit.com/replies/4194409
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.
CLICK HERE for IRS Pub 970 Tax Benefits for Education
CLICK HERE for a guide to the 1098-T
https://ttlc.intuit.com/replies/4194409
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