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Level 1
posted Apr 10, 2024 3:25:12 PM

How do I add form 8863

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5 Replies
Level 15
Apr 10, 2024 3:27:44 PM

To enter, edit or delete Education Expenses -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Education
On Expenses and Scholarships (Form 1098-T), click on the start or update button

Employee Tax Expert
Apr 10, 2024 3:29:24 PM

Enter your education expenses in the Education section under Deductions & Credits. When complete, Form 8863 will be generated for your return. 

Level 1
Apr 10, 2024 3:33:31 PM

Thank you Paula!  I added the info from the 1098-T and 8863 did not generate for this year.  I noticed it did not for last year too.  I thought it could be used for all four years?

Employee Tax Expert
Apr 10, 2024 3:50:32 PM

Are you getting a message that you are ineligible? Check the requirements listed in this FAQ.

 

Level 15
Apr 10, 2024 4:33:58 PM

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. 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.

 

Reference: Line 7 instructions for form 8863. https://www.irs.gov/instructions/i8863

 

If you are eligible, you have answered  something wrong, in the interview. But, a lot of people are just not eligible.  see this TT FAQ https://ttlc.intuit.com/questions/3383321-why-didn-t-i-get-a-credit-or-deduction-for-education-expen...

and

 https://www.irs.gov/Individuals/AOTC