Do I have to file taxes if I am a full time student with no income?

[SweetieJean]

Any scholarships or grants?

[Hal_Al · Accepted solution]

 The requirement to file is based on how much income you have and what the source of that income is. You say you have no income, so, you are not required to file a tax return.

But, sometimes students don't realize that they do have income. Scholarships that pay for "qualified  expenses" is tax free. But scholarships that pay for room and board and other living expenses is considered taxable income. In general, if you have more in box 5 of your 1098-T than in box 1 or 2, you have taxable income. You are required to file a tax return if the difference is more than $6350 (and that is your only income and you are a dependent) or $10,400 if you are not a dependent.

Loans, unlike scholarships, are not income.

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.  You must be at least a half time undergraduate student and actually paid tuition (not just had it paid by grants). Tuition paid by loans counts as paid by you (since you have to pay that back, someday)

[SherekaB]

No, you do not have to file taxes if you do not have any income. Are you a dependent or Did you receive a 1098-T?

https://ttlc.intuit.com/replies/5886452

[Jldegitz]

If I'm a single mom and head of house hold and I will have received $20,000 in student loans and grants together can I file taxes? I did not receive my stimulus money for my 1 year old either. Can I file taxes on my school money as head of household with a dependant?

[Hal_Al]

@Jldegitz 

Q. Can I file taxes on my school money?

A. Generally, no. But maybe.

Student loans are not income and are not reported on a tax return. Scholarships, sometimes,  may be reportable income, but they are still not earned income. 

The money you hear about people getting for just filing a tax return claiming kids requires them to  have some earned income (wages or self employment). Without earned income, they are not eligible for the "refundable" Earned Income Credit or Additional Child Tax Credit.  Both credits are calculated on the amount of earned income you have. No earned income means no "refund". A small amount of earned income means a small refund. The child tax credit does not "kick in" unless you have at least $2500 of earned income.

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 undergraduate student. Tuition and fees paid by loans counts as paid by you. There's even a loop hole available to claim the credit, if you are on scholarship.

A child can be the “qualifying child” dependent of any close relative in the household. If you live with someone else, e.g. your parents, it may be better if they claim your child.

Instead, you could allow the non-custodial parent to claim the children.  Non-custodial parents are allowed to claim the child tax credit, but not the Earned income credit.

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For info on stimulus payments, see TurboTax page at

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

https://ttlc.intuit.com/community/tax-topics/help/how-will-the-stimulus-package-impact-me/00/1393859

and See this IRS website for information - https://www.irs.gov/coronavirus/economic-impact-payment-information-center

Answer 29. If you did not receive the full amount to which you believe you are entitled, you will be able to claim the additional amount when you file your 2020 tax return.  This is particularly important for individuals who may be entitled to the additional $500 per qualifying child dependent payments.