KrisD15
Expert Alumni

Education

Possible. 

Did you pay more in education expenses than what you received in Scholarships or Grants? 

(Is Box 1 larger than Box 5?)

 

Are you a dependent claimed by another Taxpayer, such as your parents?

Did you supply more than half your own support? 

 

You can start a return to see if there would be any advantage in you filing.

You would also find out if you are a student dependent (Under 24 and at least half time student) in which case the person that can claim you might use your 1098-T to get an education credit. 

 

If scholarships received is MORE than education expenses (Box 5 is larger than Box 1) you might need to file a return to report taxable income. 

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