Student Loan & Education Tax Topics

Education

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

If I’m setting up a bank account for a High School Reunion committee for Class Donations to the school, does it have to be reported for taxes?

"Choosing a larger education credit" keeps lowering my AOTC credit and refund amount

Is there a glitch in the "Choosing a larger education credit" area? Everything is perfect before I get to that page: Then I get there and it says "you've already told us you want to treat $7,399 as a taxable distribution eligible for an education cre... read more

Entering 1099-Q into Turbotax properly

@Hal_Al On another thread, I received the answer linked and copied below (scroll down), and I am trying my best to follow the steps but it isn't working. I cannot figure out the proper sequence of clicks, button presses, whatever, to find the screens... read more

Can I lend money to my son?

I intend to charge him interest and the term of the loan will be about 4 months

How do I remove the lifetime learning credit?

How do I remove the Lifetime Learning Credit?

NIH T32 Grant income that is meant to be estimated

Hello, my wife is compensated as a post-doctoral candidate through an NIH T32 grant. We do NOT receive any document for this income, which is 56,750 for 2023. No 1099, nothing. The university website claims we should be estimating taxes to pay on thi... read more

I send my step daughter $600 a month for school. can i claim?

Why is "double-click to link this 1098-T to the appropriate taxpayer or spouse student information worksheet"? There is no link available & I cannot manually enter info.

On the 1098-T form, I have two fields highlighted under "Identify Student (required)". The instruction reads to "Double-click to link this 1098-T", but nothing happens when I double-click. There are two fields that are "yellow" next to "A" or "B", ho... read more

GI Bill CH 33 and Book Stipend and American Opportunity Tax Credit

I'm wondering if you receive Ch 33 book stipend, can you still claim the deduction of books as expenses on the American Opportunity Tax Credit? The stipend similar to that of the BAH can be used to pay for anything. You can purchase a dog with it if ... read more

Tuition reimbursement over $5250

Here's my situation:$8602 - I paid this in tuition for 2023. This is listed in box 1 on my 1098-T for 2023.$10796 - Amount that my employer reimbursed me in 2023. This includes $8602, plus $2194 (for tuition in 2022, but was paid to me in 2023). Of t... read more

Turbotax thinks I have a 1098 but I do not.

Did I file any scholarships or grants on my 2022 tax return?

529 refund received on '23 for tuition paid in '22

I paid my daughter's Spring 2023 tuition in 2022 from a 529. She received a refund in 2023. This refund was redeposited into the 529. TurboTax will not allow me to report the redeposited refund on the 2023 return because it exceeds the amount that wa... read more

Residency for Students out-of-state

I've currently been in Florida attending college since Aug 2022. I'm from Indiana, that's where my parents are. They support me with food money, but grant money covers rent. I have an Indiana driver's license, and because of this I had to register to... read more