Should I file my tuition statement?

phelps_b — Tue, 16 Mar 2021 22:59:56 GMT

I do not have any other income to file

Re: Should I file my tuition statement?

npierson7 — Tue, 16 Mar 2021 23:15:14 GMT

No, you should not file your tuition statement. Your scholarship does not consider as taxable income.

Re: Should I file my tuition statement?

Hal_Al — Tue, 16 Mar 2021 23:48:34 GMT

Probably not. But if you are a dependent, your parent probably should. The 1098-T is only an informational document. The numbers on it are not required to be entered onto your tax return. However receipt of a 1098-T frequently means you (or your parent) are either eligible for a tuition credit or deduction or possibly the student has taxable scholarship income.

There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants. It is usually best if the parent claims that credit.

You cannot claim a credit if you are, or can be, claimed as a dependent by someone else.

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Should I file my tuition statement?

Re: Should I file my tuition statement?

Re: Should I file my tuition statement?