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

Student Debt Relief Plan: Am I impacted?

On August 24, 2022, President Biden, Vice President Harris, and the U.S. Department of Education announced announced a three part student loan debt relief plan to help federal student loan borrowers following the pandemic. The three part plan include... read more

Can I Avoid Offset?

I have an extension to file my 2024 US taxes, so I need to file in October. I'm joint filing with my husband. He has no income to report, but based on my teacher income here in Jordan, we stand to recieve a refund of about $3000 because of our three ... read more

I was a student teacher and received a stipend with no taxes deducted. I got a 1099-NEC from the school, and TurboTax requested I file a SS-8 with IRS. Is that necessary?

Cancelled 1099-C

I received 1099-Cs from Discover Student Loans this year for cancelled student loan dept, I filed with those forms and ended up having to pay in for the first time. I recently received a letter from Discover saying that sending me those forms was a m... read more

Coverdell/529 rollover withdrawn for scholarships

I am wondering how much of a recent 529 withdrawal will be taxable. In Jan. 2025, we rolled over my daughter's Coverdell account to her 529 plan. I am the account owner and my daughter is the beneficiary. In June 2025 we made a withdrawal from her 52... read more

How to enter a 1099Misc from a summer research fellowship

Hello - My daughter conducted a Summer Undergraduate Research Fellowship (SURF) at the Mayo Clinic last summer. Mayo sent her a 1099Misc reporting $6000 in box3. I am somewhat confused on how to report this on her taxes. Technically I can still chose... read more

This answer has been verified for accuracy by an Intuit expert employee My state wants more tax from our 529 activity, but I believe we filed a correct return

Hi everyone:My full-time college student child prepared their 2024 federal and Michigan taxes with TT. We have a 529 for tuition, etc. We followed TT's directions for both their and my returns using the forms from the 529 plan administrator (TIAA) an... read more

W4 Dependent Working Parents Toddlers Education Tax Credits

Both my spouse and I work full time jobs. I am filling out W4. We have one child with nanny and the other (4) in preschool. What amount should I put for education tax credit?

How can I check the status of my tax return in relation to student loans from 2019?

The amount that was owed was taken from my refund. I was notified that it was paid in full in 2020 and now I can't find any paperwork to prove that. My previous college is closed permanently so Im not sure how to go about finding this information.

How do you enter income that belongs on Schedule 1 line 8r if you weren't a student?

I have scholarship/fellowship income that belongs on Schedule 1 line 8r from a postdoc that's an "educational experience" not employment. There are no tax documents generated; just a summary of stipend and health insurance payments. If I enter it as ... read more

May I make a non-qualified withdrawal from a 529 plan, without paying the 10% penalty, for non-taxable employer tuition reimbursement? What about any taxable bit?

This site (https://www.investopedia.com/news/penaltyfree-way-get-529-money-back) suggests I can avoid the 10% penalty for the non-taxable bit, but is silent on any taxable employer tuition reimbursement. But other sites, including some older threads ... read more

What is "tax free employer tuition assistance" and what qualifies for it?

I don't understand "tax free employer provided assistance" question as I'm completing the information for my 1098t. What is tax free employer provided assistance?I received a Pell Grant, Tuition Aid Grant, Federal Loans (direct, unsub, and parent), a... read more