It depends.
If you are being claimed as a dependent on your parent's return, they will be the ones who report the 1098-T information.
You should input your 1098-T information as follows:
- Go to the Federal section of the program.
- Select "Deductions & Credits"
- Select "Expenses and Scholarships (Form 1098-T)" and click start
If they are not claiming you, here is a handy chart that compares the education credits and each of the requirements.
Chart comparing credits
American Opportunity Credit is available for the first 4 years of college while working towards a degree. The maximum credit is $2,500 per eligible student, must be enrolled at least half time for at least 1 semester, and up to $1,000 can be refunded to you.
Lifetime Learning Credit is not limited by the number of years in school and can be used for undergrad, graduate, and professional degree courses, including ones to improve job skills.
The maximum credit is $2,000 per tax return, can be used when only taking 1 class, you don't need to be working towards a degree, and none of the credit is refundable.
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