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Q. Does turbo tax automatically give me the American opportunity credit?
A. Yes and no. You have to initiate the education interview (essentially "enter the 1098-T"), follow the interview and if you qualify, it's "automatic".
In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Education
--Education Expenses
You don't say if you are the parent or the student.
There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants. It is usually best if the parent claims that credit.
You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.
No. You must enter your 1098-T.
Here's how to enter your 1098-T in TurboTax:
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