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

dependent is not showing up as a full time student

I have an 18 year old high school (17 in 2025) student and a 20 year old college student. They both go to school full time. Why isn't the box checked when I do my final review of my federal return? I'm worried this will trigger an audit or when the i... read more

1099q applied to both college students, even though it should only go to one of them

I have two children in college and received a 1098-T for each of them. For one of them, I paid the college directly and was reimbursed from their 529. I received a 1099Q for this distribution. The other did not use a 529 account. When I enter the 109... read more

can I deduct my car loan interest and rent I pay for school housing?

Lifetime Learning Credit - EIN Required?

My daughter attended Esthetician school in 2025 and the school does not provide 1098-T forms. They tell me other students have successfully filed their taxes with alternate documentation / statements showing tuition paid. I have asked for a Federal I... read more

I'm getting error 'Person on the Return Worksheet:Enrollmentstatus must be entered'. Online version. This person is not a student. Where can I update the form?

I tried to update in 'My info' but student information is not there. This person is not listed on a 1098-t.

Do I include athletic and merit scholarships that aren't included in my 1098-T

excess withdrawal on multiple 529s for American Opportunity Credit -- allocation

I have a 529 with my daughter as a beneficiary, and my daughter also has her own 529 with herself as the beneficiary. In 2025, we withdrew enough from the 529 to exactly match all the educational expenses, because there were reasons I thought we woul... read more

"Scholarships and fellowship grants" showing up as wages on city tax return

I am almost positive I properly filled out my 1098-T on both my federal and state tax returns for my scholarships. However I did have quite a bit of aid that exceeded my tuition (and despite being used for room & board) is considered a "taxable incom... read more

Scholarship Exceeds Tuition Paid. It's asking for W-2 information on that for local taxes.

Hello, My university was generous enough in Spring Semester 2020 to offer students a $500 stipend for living expenses because of COVID-19. I received that stipend and it is noted on my 1098-T. However, because I graduated in Spring 2020, and all of m... read more

Turbo tax says my child owes taxes based on 1099-Q from a 529 distributions. But all funds were used for qualified expenses. What am I doing wrong?

I've put all the information from form 1099-Q (payment from qualified education programs) into turbo tax and followed every prompt. I've double checked each question set. Nowhere does it give me an option to state that the funds reported on 1099-Q we... read more

When will room & board and other qualified expenses for 529 be updated in Turbo Tax?

When will room & board and other qualified expenses by updated in Turbo Tax?

I supervise student teachers can I deduct expenses

1099-Q withdrawal and 1098-T and other expenses do not cancel out

Situation with rounded off numbers: Got a 1099-Q from NY 529 (Parent as recipient), as payments made to school by parent were withdrawn later from 529 account by parent. Box 1 Value: $25000Box 2 Earnings: $4500Box 3 Basis: $20500Box 6 Check if the re... read more

How come TurboTax will allow my daughter (a college student) to claim LLC credit when she checks the box "someone else can claim me as a dependent"?

In her turboxtax, she did select "someone else will NOT claim me as a dependent" in their tax return since I don't plan on claiming her as a dependent even though I'm still support her financially in everything.