Hal_Al
Level 15

Education

It's unusual that you wouldn't be seeing a $2500 (at least $1000) education credit (in two pieces) on your tax return, for entering her 1098-T, if you are you eligible for the credit (income under $90K; $180K married filing jointly)

 

Provide the following info for more specific help:

  • Box 1 of the 1098-T
  • box 5 of the 1098-T
  • Any other scholarships not shown in box 5
  • Does box 5 include any of the 529/ESA plan payments (it should not)
  • Is any of the Scholarship restricted; i.e. it must be used for tuition
  • Box 1 of the 1099-Q on your 529 distribution
  • Box 2 of the 1099-Q
  • Box 1 of the 1099-Q on grandparent 529 distribution
  • Box 2 of the 1099-Q
  • Room & board paid. If student lives off campus, what is school's R&B on campus charge. If he lives at home, the school’s R&B “allowance for cost of attendance” for student living with parents.
  • Other qualified expenses not included in box 1 of the 1098-T, e.g. books & computers
  • How much taxable income does the student have, from what sources
  • Are you eligible for the credit (income under $90K; $180K married filing jointly)
  • Is the student an undergrad or grad student?
  • Is the student a degree candidate attending school half time or more?