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New Member

Will you receive more money due to being a college student?

 
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Level 15

Will you receive more money due to being a college student?

Are you being claimed as anyone else's dependent?  Did you have income from working in 2018 while you were a student?  Did you get a W-2 or a 1099Misc?  Any scholarships or grants?  Did you get a 1098T?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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Level 15

Will you receive more money due to being a college student?

Simple answer: no. But, there is an up to $1000 refundable education credit available plus up to $1500 non-refundable.  But most students are not eligible.

 

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You must have actually paid tuition, not had it paid by scholarships & grants.  It is usually best if the parent claims that credit. 

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.