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omarjrivera7
New Member

I am a full-time student who pays for school and books how can I add this to my tax return?

 
1 Reply
Hal_Al
Level 15

I am a full-time student who pays for school and books how can I add this to my tax return?

You should be aware that There are restrictions on a student claiming himself and getting the refundable portion of the American Opportunity credit.  A student, under age 24, is only eligible if he supports himself by working . You cannot be supporting yourself on student loans & grants.   It is usually best if the parent claims the credit rather than the student. He/she does not qualify for the (up to) $1,000 refundable portion of the American Opportunity Credit (AOC) if items 1, 2, and 3 below apply to him. 

1. He was:
.....a. Under age 18 at the end of 2014, or 
......b. Age 18 at the end of 2014 and his earned income was less than one-half of his support, or 
......c. A full-time student over age 18 and under age 24 at the end of 2014 and his earned income was less than one-half of his support .
2. At least one of his parents was alive at the end of 2014.
3. He is not filing a joint return with his spouse for 2014.

If all that doesn't apply to you; enter your tuition payments at "Deductions & credits / Education" You can only count, toward the credit, the amount of tuition you actually paid, including money paid with loans, or by other family members and not necessarily the amount shown on the 1098-T. You may not count tuition paid by grants or scholarships. There will be a place to enter book costs separately.

For full rules see http://www.irs.gov/publications/p970/ch02.html#en_US_2013_publink1000204325



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