Yes, you should enter the 1098-T if you anticipate claiming an education credit.
Tuition reimbursement from your employer is not taxable, up to a limit of $5,250 per year. Your employer shouldn't include those benefits in your wages, and you don't have to include that income on your tax return, either.
If you have expenses in excess of $5250, then you may be eligible for an education credit, but continue reading.
Amounts in excess of $5,250 are taxable and must be included in income on your W-2. If the expense was for education required to keep your job, or that improves your skills in your current job, then you may take a deduction on Schedule A under Job-Related Expenses, subject to a threshold of 2% of AGI. Remember to account for the $5,250 tax-free portion of employer assistance. If your education is not related to your current job, then you can claim an education credit for the cost that exceeds your tax-free amounts. For graduate work, the two credits that apply are the Lifetime Learning credit and the Tuition and Fees deduction. You are free to choose whichever approach fits and gives you the lowest tax.
To enter education expenses in TurboTax Online Premier edition, type "education expenses" in the Search box, then select Jump to education expenses. The program will guide you through the information you need to enter.
For more information about work-related education expenses,
see Employer-Provided Educational Assistance in Publication
970, Tax Benefits for Education.
