https://ttlc.intuit.com/community/college-education/discussion/scholarships-exceed-my-loans-did-you-mean-scholarships/01/642451#M17710 <P>"scholarships exceed my loans"</P><P>Did you mean scholarships exceed your tuition?</P><P>If you are a student, over age 23, and are not claimed as a dependent by someone else (e.g. your parent) you may be eligible for the up to $1000 refundable American Opportunity (tuition) Credit. That credit is not dependent on having &nbsp;earned income. You must be at least a half time undergraduate student and actually paid tuition (not just had it paid by grants). <B>Tuition paid by loans counts </B>as paid by you (since you have to pay that back, someday).</P><P>Even if your scholarships exceed you tuition, you may still be able to claim the credit.&nbsp;There is a tax “loophole” available. The student reports all his scholarship, up to the amount needed to claim the American opportunity credit, as income on his return. That way, you can claim the tuition credit. You can do this because that much tuition was no longer paid by "tax free" scholarship.&nbsp; You cannot do this if the school’s billing statement specifically shows the scholarships being applied to tuition or if the conditions of the grant are that it be used to pay for qualified expenses.</P> Thu, 06 Jun 2019 08:19:32 GMT Hal_Al 2019-06-06T08:19:32Z https://ttlc.intuit.com/community/college-education/discussion/if-i-have-no-income-and-am-a-full-time-student-do-i-need-to-even-file-taxes-if-my-scholarships/01/642442#M17709 Thu, 06 Jun 2019 08:19:31 GMT https://ttlc.intuit.com/community/college-education/discussion/if-i-have-no-income-and-am-a-full-time-student-do-i-need-to-even-file-taxes-if-my-scholarships/01/642442#M17709 gm2013coffee 2019-06-06T08:19:31Z https://ttlc.intuit.com/community/college-education/discussion/scholarships-exceed-my-loans-did-you-mean-scholarships/01/642451#M17710 <P>"scholarships exceed my loans"</P><P>Did you mean scholarships exceed your tuition?</P><P>If you are a student, over age 23, and are not claimed as a dependent by someone else (e.g. your parent) you may be eligible for the up to $1000 refundable American Opportunity (tuition) Credit. That credit is not dependent on having &nbsp;earned income. You must be at least a half time undergraduate student and actually paid tuition (not just had it paid by grants). <B>Tuition paid by loans counts </B>as paid by you (since you have to pay that back, someday).</P><P>Even if your scholarships exceed you tuition, you may still be able to claim the credit.&nbsp;There is a tax “loophole” available. The student reports all his scholarship, up to the amount needed to claim the American opportunity credit, as income on his return. That way, you can claim the tuition credit. You can do this because that much tuition was no longer paid by "tax free" scholarship.&nbsp; You cannot do this if the school’s billing statement specifically shows the scholarships being applied to tuition or if the conditions of the grant are that it be used to pay for qualified expenses.</P> Thu, 06 Jun 2019 08:19:32 GMT https://ttlc.intuit.com/community/college-education/discussion/scholarships-exceed-my-loans-did-you-mean-scholarships/01/642451#M17710 Hal_Al 2019-06-06T08:19:32Z https://ttlc.intuit.com/community/college-education/discussion/no-scholarships-and-loans-also-do-not-count-as-taxable-i/01/642457#M17711 <P>No. Scholarships and Loans also do not count as taxable income. The link below provides additional information if you need it.</P><P> <A href="https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-answers/interest-dividends-other-types-of-income/grants-scholarships-student-loans-work-study/grants-scholarships-student-loans-work-study" rel="nofollow" target="_blank">https://www.irs.gov/help-resources/tools-faqs/faqs-for-individuals/frequently-asked-tax-questions-an...</A> <BR /> </P><BR /><B>Hope This Helps!!</B><BR /> Thu, 06 Jun 2019 08:19:33 GMT https://ttlc.intuit.com/community/college-education/discussion/no-scholarships-and-loans-also-do-not-count-as-taxable-i/01/642457#M17711 LaurenB 2019-06-06T08:19:33Z