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If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?
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If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?
If all the tuition is paid for by the GI Bill or other VA assistance, the assistance is not taxed and the tuition cannot be used for a credit.
If you also received grants, you can apply other expenses, such as books and supplies towards that, but the remainder is taxable to you.
CLICK HERE for IRS Pub 970 Tax Benefits for Education
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If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?
If all the tuition is paid for by the GI Bill or other VA assistance, the assistance is not taxed and the tuition cannot be used for a credit.
If you also received grants, you can apply other expenses, such as books and supplies towards that, but the remainder is taxable to you.
CLICK HERE for IRS Pub 970 Tax Benefits for Education