My employer paid 5017.50 of the 6,017.00 of my tution in 2016, should i qualify for any education tax credits?

[ThomasM · Accepted solution]

You still have about $1000 of unreimbursed expenses that may qualify for an education benefit.

Any reimbursement from your employer will be subtracted from your total education expenses and won't be included in the calculation.  There's a specific place in TurboTax where you will enter this reimbursement.

Click on the Federal Taxes tab, then select Deductions & Credits.  Scroll down to the Education section and select Expenses & Scholarships (Form 1098-T).

If you received a Form 1098-T from your educational institution, enter all the 1098-T information exactly as it's shown on the form, and hit Continue and you'll be on the Education Summary page.  Down where it says Scholarships & Grants select Edit, and you'll advance to the screen that says Did you receive a scholarship or grant in 2016?. Select "Yes" and an additional box will appear with choices for different types of scholarships/grants.  The bottom choice says Employer Provided Assistance.  Enter the reimbursement in this box.  TurboTax will make the appropriate calculation.

If you did not receive a 1098-T, then you'll check "no" when TurboTax asks if you received one, then you'll follow the prompts to determine if you qualify for an exception to the 1098-T requirement.  Assuming you do, then you'll follow the same steps above to enter both the total amount and the reimbursement amount.

[AWOL]

Thank you! I did receive a 1098 form from my college however it shows tuition billed in box 2 (22,000) and not how much Was actually paid 6,017. And it does then show how much was scholarship in box 5 (5,017)

[ThomasM]

When you're on the 1098-T screen, notice right below Box 2 there's a blue notation saying "What if this is not what Arthur paid to this school."  Click on that and a small window will open saying "Enter the tuition paid."  This is where you'll enter the $6017 figure, and TurboTax will use that amount instead of the higher 1098-T amount in Box 2.

[ThomasM]

Ignore the name "Arthur."  It will say your name there.