AmyC
Expert Alumni

Get your taxes done using TurboTax

It depends. There are many credits. The most common for which you may qualify is the education credit. You can review the IRS website on deductions and credits. The IRS has a great brochure that explains how scholarships and tax credits interact. Determine if you have taxable income and how to report with Tax Topic 421

 

References:

IRS Education Credits - AOTC and LLC

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