Student Loan & Education Tax Topics

Education

Education: Deductions, Credits, and Answers

There’s no doubt about it, education tax benefits can make a huge difference in your refund. The American Opportunity Tax Credit (AOTC) typically offers the largest tax break. But if you don’t qualify for that, there’s always the Lifetime Learning Cr... read more

529 contribution made in 2024 or earlier?

Hi, this came up in the review of our Pennsylvania state return. It refers to a distribution from our TAP 529 plan for our son's education expenses. I don't know what it is asking. What is "Nonded contrib - taxpayer?" The form view blank is highlight... read more

Student loan interest deduction

Can both of us (myself and my adult son) deduct the student loan interest amount on a loan that we are paying back? He used this loan for his school and I co-signed. We live separately and both file our taxes separately without dependents.

1099-Q box 6 question is worded very confusing

the step-by-step form for the 1099-Q brings you to Box 6. The question is worded twice. Once where you would answer Yes. And once where you would answer No.=======================Box 6: Is the recipient of the distribution the designated beneficiary?... read more

This answer has been verified for accuracy by an Intuit expert employee 1099-Q with Box 4b (QTP to Roth IRA transfer) checked

I have a 1099-Q with Box 4b (QTP to Roth IRA transfer) checked, reflecting a SECURE Act 2.0 Section 126 529-to-Roth IRA rollover. TurboTax currently shows a 'Check This Entry' error saying the program hasn't updated to support this yet — can you prov... read more

Scholarship money was reported on W2 from the university and they delayed sending it until after i graduated.

Scholarship money was reported on W2 from the university & taxes were taken out. Also the scholarship was paid late by the university to me (after I graduated). The scholarship was awarded for 2024 but not paid until 2025. How do I account for this o... read more

Student Info Worksheet 2025 Desktop

The forms mode shows a completed 2025 Student Info Worksheet. When I print out before filing the Worksheet is incomplete. Is there a work around or will there be an update to fix this issue? It doesn't show up as an error, but the information need to... read more

This answer has been verified for accuracy by an Intuit expert employee Why doesn't turbotax allow me to enter qualified education expenses like room & board? is their a problem with the software?

It allows books and supplies to be entered if charged by the institution, and indicates other expenses can be entered later, but it never then prompts for other expenses before moving out of the 1098-T and 1099-Q sections in the online version.

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Penalty on ESA/529 withdrawal due to scholarship

I haven’t found a way to prevent TurboTax from applying a penalty to the withdrawal. I would expect that after entering the scholarship amount in Box 5 of Form 1098-T, TurboTax would use that information and avoid applying the 10% penalty. Is that co... read more

Earnings on 1099-Q ignored and instead being calculated

1) I noticed that when entering Form 1099-Q, TurboTax seems to ignore the “Earnings” amount I input and instead calculates its own value based on the basis at the previous year-end and the account balance at year-end. This results in what appears to ... read more

1098-T Reporting

My 1098-T only reports what the university charged me for during 2025. This means that because I registered for Spring 2025 during the calendar year of 2024, that charge is not reported. The aid I received is listed for Spring 2025 and Fall 2025, but... read more

Foreign University but US citizen. Do I put it on my taxes?

Hi! I go to school at King's College London for an online master's degree. I pay tuition to them and have paid over $14,000 in 2025. I tried to research whether or not I should put it on my taxes but I can't tell if King's meets the criteria? On thei... read more

1098 T for Graduate Student on Stipend

My daughter is a graduate student on stipend. She receives a 1098 T that includes Tuition paid and Grant/Scholarship distributed. Turbotax takes the full Grant/Scholarship distribution, substracts the tax-free tuition paid, and uses the result as tax... read more