JulieS
Expert Alumni

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:

 

  1. Select Federal from the left side menu, then Deductions & Credits.
  2. Scroll down and look for Education.
  3. Find Expenses and Scholarship (Form 1098-T), click on Start or Update to the right. 
  4. 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. 
  5. Continue to the end of the section.
     
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