topic I did not work last year but i got a small school loan of around $2,500, do i still need to file taxes?? in Education

I did not work last year but i got a small school loan of around $2,500, do i still need to file taxes??

jusbertchase54 — Tue, 14 Apr 2020 23:10:19 GMT

Re: I did not work last year but i got a small school loan of around $2,500, do i still need to f...

MinhT1 — Tue, 14 Apr 2020 23:26:41 GMT

No, you are not required to file a tax return.

Re: I did not work last year but i got a small school loan of around $2,500, do i still need to file taxes??

Hal_Al — Tue, 14 Apr 2020 23:47:47 GMT

Loans are not income. Scholarships SOMETIMES can be, but not usually.

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 either kids or earned income. You must be at least a half time, degree or certificate candidate, undergraduate student.