If year long tution is around 30,000 can I still g...
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rlawndus93
New Member

If year long tution is around 30,000 can I still get tuition refund or education expnse?

I got my 1098 T form from grad school (full-time student, still in school), however after I filled out all the information that was checked on my form, it came out to be zero. Last year for 2018, I got my $1000, which the amount was around 12900. This time when I got my form the box 1 was around 30,000 which I am guessing combining 3 semesters of the tuition fee. Why can I not get the $1000 refund of the expense...? 

5 Replies
NCperson
Level 15

If year long tution is around 30,000 can I still get tuition refund or education expnse?

what is in Box 1?

 

what is in Box 5?

 

the credit is a function of the net of these two items.  Let's start with that. 

 

did you have a job last year and not this year? 

 

also, go back and look closely at how you answered each and every question.  

rlawndus93
New Member

If year long tution is around 30,000 can I still get tuition refund or education expnse?

For Box 1: Payments received for qualified
tuition and related expenses: 38,826.00

For Box 5: nothing there because I did not get any scholarship 

 

I did work part-time, last year and also did this year, just waiting to get my W-2 form so I skipped that part

 

I did answer all of the question correctly. 

NCperson
Level 15

If year long tution is around 30,000 can I still get tuition refund or education expnse?

I wouldn't panic until you enter the W-2.  The credit is against other taxes owed, but if you have no income (which temporarily you don't since the W-2 isn't there yet), there would be no tax credit. 

 

As box 1 exceeds box 5, on the surface you would be eligible for the credit.

 

I also assume you are NOT a dependent of someone else (i.e. parents) 

rlawndus93
New Member

If year long tution is around 30,000 can I still get tuition refund or education expnse?

So after  I Put my W-2 form in when I get it, there is a great chance that I would get 1000 as well? 

NCperson
Level 15

If year long tution is around 30,000 can I still get tuition refund or education expnse?

without knowing you income earned and doing the tax return,  i wouldn't know.   But I do know that if there is no income, there is no income tax so there is no credit.   

 

Did you do your taxes via TT last year?  are you a dependent of anyone else (i.e. your parents?) 

 

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