turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do i claim my college if i recieved financial aid

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How do i claim my college if i recieved financial aid

You may receive a 1098-T from your college that designates your financial aid.

You are required to enter your 1098-T if your grants/scholarships exceed your qualified educational expenses to include tuition, fees, books, and course related materials.

Grants and /or scholarships are taxable income to the extent that they exceed qualified educational expenses.

Qualified educational expenses include tuition, fees, books, and course related materials and are deductible to the extent that they exceed grants and/ or scholarships

See Qualified Education Expenses

TurboTax will walk you through the educational interview and prompt you to enter your financial aid and educational expenses for your best tax result.

To enter educational expenses:

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Education
  • On Expenses and Scholarships (Form 1098-T), click the start or update button
Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies