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Level 2
posted Jan 26, 2022 9:15:55 AM

Student Tax Credit

I am filing as an intendent for the first year. I am a college student. I have previously been claimed as a dependent. Are there any Student tax breaks or benefits that are not already calculated through TurboTax that I should be receiving?

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1 Best answer
Expert Alumni
Jan 26, 2022 10:16:21 AM

To claim the Education Credit:

  1. Go to Federal Taxes,
  2. Go to Deductions and Credits.
  3. Scroll down to Education and click show more.
  4. Scroll down to Expenses and Scholarships (Form 1098-T) and click Revisit.
  5. Answer Yes for the question if you received a 1098-T.

3 Replies
Expert Alumni
Jan 26, 2022 9:35:53 AM

Yes.  If you are a college student there is a credit that you can claim.  You will need to get a Form 1098T from your school to be able to claim the credit.  Use the link below for additional information.

 

Who is Eligible to Claim Education Credit

 

Also, if you are entitled to other credits, you will be prompted in TurboTax.  Answer the questions accurately to get all of the tax breaks that you are entitled to receive.

Level 2
Jan 26, 2022 10:08:17 AM

How do I claim this?

Expert Alumni
Jan 26, 2022 10:16:21 AM

To claim the Education Credit:

  1. Go to Federal Taxes,
  2. Go to Deductions and Credits.
  3. Scroll down to Education and click show more.
  4. Scroll down to Expenses and Scholarships (Form 1098-T) and click Revisit.
  5. Answer Yes for the question if you received a 1098-T.