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Level 1

Question

Do college students not recive $1000 for being in college?

Forum|Forum|7 years ago
June 6, 2019
4 replies
19 views

No text available

TurboTax Free Edition Online

Alumni - Champ

This Urban Myth has been around for years.

Alumni - Champ

A student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working (earned income). 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

Level 15

If you are eligible for the American Opportunity Tax Credit, you could potentially get up to a $1,000 refundable credit. It is not automatic for just being in college.

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Alumni - Champ

This excellent post from 3 years ago is still valid for the most part

https://ttlc.intuit.com/questions/3177942-if-i-the-student-claim-education-tax-credit-can-my-parents...