KrisD15
Expert Alumni

Get your taxes done using TurboTax

Looking at your scenario, did the school issue a 1098-T for 2021 and if yes, did you use it for an education credit on your 2021 return? 

Make sure you are not using the same expenses in two different years. 

 

If they charge 14,000 per semester and you receive a 13,000 scholarship, how did the school come up with 3,000 for box 1? 

 

Yes, if you have school statements that show what was PAID in 2022 is not what is reported in Box 1 of your 1098-T, use the link and enter what was paid. 

 

If you are eligible for the American Opportunity Tax Credit, that is based on UP TO 4,000 expenses and worth up to 2,500. 

A 2,500 credit could very well result in a 2,000 refund. 

 

The credit is meant to help students pay for school, so do not hesitate to take the credit if you are eligible. 

 

Pub 970 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"