2941304
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Hello I'm in school an have kids how to I add I'm in school

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Vanessa A
Expert Alumni

Hello I'm in school an have kids how to I add I'm in school

Are you paying tuition?  If so, you should have received a 1098-T.  To add the 1098-T or tuition and expenses you paid (or took out a student loan for) from a qualified educational institution, you will select the following (even if you did not receive the 1098-T):

 

  • Federal
  • Deductions and Credits
  • Show More next to Education
  • Start next to Expenses and Scholarships

Depending on your situation, you may qualify for one of the following Education Credits. 

 

Lifetime Learning Credit

  • You can take this for an unlimited number of years
  • Twenty percent of expenses up to $2,000
  • Non-Refundable meaning this can reduce the amount of taxes you owe, but if your tax liability is less than the LLC, your tax will be reduced to $0 and the rest of the credit is lost. 

American Opportunity Tax Credit

  • Available for the first 4 years of college
  • Max amount is $2,500 per student
  • Partially refundable credit meaning if your tax liability is $0, 40% (up to $1,000) is refundable
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question