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
We will be claiming our 19-year-old son as a dependent on our tax
return. He has a 1098T with $4,947 in box 1 and $10,249 as scholarships
in box 5. In order to maximize our AOTC on OUR return, I'm assuming he
needs to claim some of the amount in box ...read more
The grant was not income it was awarded for being a student teacher in
pa in 2025 which i applied and received. I was not a employee of the
school district but turbo tax wants me to file a schedule c as if I were
self emplyed
cjp663339Posted Wednesday
| Latest post Wednesday by
Hal_Al
Hi. Thank you for your help. Does my daughter pass the support test if
she is paying for living expenses( actual expense cost) beyond the COA
outlined by and qualified expenses for 529. She has a 1099-Q ( $32,200)
which covers the qualified expenses....read more
PTN2021Posted Wednesday
| Latest post Wednesday by
Hal_Al
If the name of the Payer on the 1099-Q form has a number in it, ex.
"State of Rhode Island CollegeBound 529", you will get a error message
that the distribution information does not sum correctly "Your box 1
gross distribution must equal the sum of b...read more