Hal_Al
Level 15

Get your taxes done using TurboTax

Possibly. The 1098-T is only any informational document. The numbers on it are not required to be entered onto your tax return. If you claim the tuition credit, you do need to report that you got one. However receipt of a 1098-T frequently means you are either eligible for a tuition credit or deduction or possibly have taxable scholarship income. 

One of the tuition credits is partially refundable. If you are a student, over age 23, and are not claimed as a dependent by someone else (e.g. your parent) you may be eligible for the up to $1000 refundable American Opportunity (tuition) Credit. That credit is not dependent on having either kids or earned income. You must be at least a half time undergraduate student and actually paid tuition (not just had it paid by grants). Tuition paid by loans counts as paid by you (since you have to pay that back, someday)

 

If your scholarships (not loans) exceed you qualified expenses, that is considered taxable income. Typically, that means if box 5 of the 1098-T exceeds box 1 (or box 2), you have taxable income. If you cannot be claimed as a dependent, it would take more than $12,200 (2019) of total income, before you need to file a return.