My wife received a 1098T from the school that she attend and they included her benefits that she receive from the post 9/11 GI Bill in box 5. Is this correct?

Forum|Forum|7 years ago
June 5, 2019
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Best answer by IsabellaG

It depends. GI Benefits are not taxable. On the other hand, if your education expenses were paid for from GI benefits, you can't get an additional tax credit for that.

The IRS states that your credit will be reduced for any money the GI Bill contributes toward your tuition and college fees. If you pay $6,000 in tuition one year, and the government pays for $5,000, your credit would be based on the $1,000 you paid yourself. When you see the screen Did Spouse Receive Any of the Following Tax Free Benefits Last Year? you will indicate how much of box 5 represents GI Benefits used for education.

See this answer from TurboTax ToddL:

https://ttlc.intuit.com/replies/4914656

IsabellaGAnswer

Level 13

It depends. GI Benefits are not taxable. On the other hand, if your education expenses were paid for from GI benefits, you can't get an additional tax credit for that.

See this answer from TurboTax ToddL:

https://ttlc.intuit.com/replies/4914656

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