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Education
Apparently I should have asked these question prior to submitting my return…..box 1 of his form shows 3,989.40. Box 5 is $6,708. When we added this info to our taxes it said we didn’t get a credit because of the excess scholarship number (I didn’t know about the loophole). He did have an additional $360 of school required expenses. How much would my son have to take as income for us to get the credit and I can submit an amendment with the loophole and get the credit or am I out of luck at this point? Thanks so much for your insight!
January 30, 2025
9:36 AM