Hal_Al
Level 15

Education

What does "I don’t need any money from my taxes" mean? That is what is situation?  if you are claimed as a dependent, by your parents, they can claim the tuition credit based on your expenses, whether you paid them or they did.

 

If you have enough income to be self supporting, the credit will usually held reduce your tax liability.

 

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.  You must be at least a half time undergraduate student. There's even a loop hole available to claim the credit, if you are on scholarship.

 

That said, the other reply is correct. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return.