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Education
Yes, if you have scholarships and/ or grants, you may be able to increase your credit by indicating this amount was spent on room and board.
This is how to do that in TurboTax:
- Select Federal from the left side menu, then Deductions & Credits.
- Scroll down and look for Education.
- Find Expenses and Scholarship (Form 1098-T), click on Start or Update to the right.
- Use the next few screens to enter your 1098-T, or if it is already there, continue until you get to Did (name) Pay for Room and Board with a Scholarship or Grant? Enter the amount you want to claim as income this year.
- Continue to the end of the section.
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‎April 15, 2023
8:48 AM