Because your son is in
high school, I am assuming that he is considered your dependent. If he is, then you may be entitled to several education credits and deductions that
will reduce your tax liability and/or increase your refund. In other
words, you can report the Form 1098-T on your tax return if your son is
not required to file a return, or he states on his return that he can be claimed as a
dependent on someone else's return.
If you are not required to file a return and your son should, then he can report the Form 1098-T on his return to possibly claim any education credits and or deductions.
I have attached an Internal Revenue
Service link Education Requirements that will assist you in
determining if you can claim any of the education credits and deductions on
behalf of your son.
If you can, do the following to
enter the Form 1098-T information:
- Select
the Federal Taxes tab
- Select
the Deductions and Credits tab
- Click the
"I'll chose what I work on"
button
- Scroll to
the Education heading
- Click Start next to Expenses and
Scholarships (Form 1098-T)
- Begin
navigating through the prompts.
