558536
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

I'm not getting anything back from my 1098-T form and I don't understand why

 
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
MichaelMc
New Member

I'm not getting anything back from my 1098-T form and I don't understand why

To be eligible for the American Opportunity Tax Credit (AOTC), the student must:

  • Be pursuing a degree or other recognized education credential;
  • Be enrolled at least half time for at least one academic period (semester, quarter, etc.) beginning in the tax year;
  • Not have finished the first four years of higher education at the beginning of the tax year;
  • Not have claimed the AOTC or the former Hope credit for more than four tax years; and
  • Not have a felony drug conviction at the end of the tax year.

Click this link for more detailed information about the American Opportunity Tax Credit.

Additionally, you will not be able to claim the AOTC if:

  • Your employer pays for or reimburses your tuition and fees;
  • Your tuition and fees are paid by tax-free benefits such as the GI Bill;
  • Your scholarships and grants (Box 5) exceed your qualified tuition and fees;

Finally, be aware of the income limits for AOTC:

  • To claim the full credit, your MAGI, modified adjusted gross income, must be $80,000 or less ($160,000 or less for married filing jointly).
  • You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
  • You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question