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Get your taxes done using TurboTax
You cannot tell, just from your 1098-T, whether you will get a tax refund. There is no automatic refund for being a college student (though there is a popular urban legend that says there is). Whether you get a refund depends on your income, how much tax you had withheld, and many other factors.
You might actually have to pay some tax, rather than getting a refund. Your scholarship, in box 5, is more than your tuition, in box 1, so part of the scholarship is taxable income. But again, you have to look at your whole tax return, not just the 1098-T.
The amount of your student loan has nothing to do with whether you get a tax refund.
‎November 26, 2023
2:32 PM