Education

As a dependent, you do not qualify for the tuition credit, but you parents can claim it on their tax return, if there are any net qualifying expenses and their income is not too high.

 

Q.  Is the "Other Scholarships/ Grants/ Fellowships" amount the amount of my overall scholarships minus the amount of my tuition and related expenses?

A. No. You enter the gross amount of your scholarships.  TurboTax will then subtract the tuition and related expenses in determining the taxable amount of your scholarship. Scholarships that cover qualified educational expenses (QEE) (tuition, fees, books and other course material, including a required computer) are tax free.  Room and board are not QEE.