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1098-T
Hello. My son is 18, since November. He has been going to U of M since August under the Go Blue Guarantee. So it’s free. We got the 1098-T and Box 1: $17,736.38 and Box 5: $36,867.38 is making it out that he owes almost $1500 in taxes. He does have other income from in school jobs/summer totaling $4200 or a bit over. But is there a way to make it so he qualifies for AOC? I am new to this, it’s his first year so step by step would be extremely helpful for me. The tax advice chat has not been helpful at all. Thank you.
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February 8, 2025
12:15 PM