What are Educational Expenses
Qualified education expenses are amounts paid for tuition, fees and other related expenses for an eligible student. To understand where to report your education expenses, please read below.
Qualified education expenses must be paid by:
- You or your spouse if you file a joint return,
- A student you claim as a dependent on your return, or
- A third party including relatives or friends.
For more information related to education expenses please see the IRS Qualified Education Expenses.
How to add Educational Expenses
1) Enter your return, search Education Expenses
2) Answer the required questions on the Education Expenses page, then scroll down toward the bottom of the page to select +Add New
3) You must enter information pertaining to the 1098-T Form you received and report your expenses in the designated entry fields below
Where to report my Expenses (entry fields)
Qualified Education Expenses
Required Education Expenses Paid to Educational Institution: Enter the amount from Form 1098-T, Box 1 or Box 2.
Other Needed Course Related Materials: Enter any other qualified education expenses (i.e. Certain books, supplies, etc).
Education Expense Adjustments
Tax-Free Assistance Received in prior year (current tax year): Box 5 of Form 1098-T Tuition Statement. Enter in the first box any Grants, Scholarships, and other tax-free educational assistance received.
Tax-Free Assistance Received the current year (not current tax year): If box 7 is checked of Form 1098-T Tuition Statement - Enter any tax-free educational assistance that belongs to the Spring Semester. DO NOT include any educational assistance for the current year Summer Semester or Current Year Fall Semester,
Refunds Paid in prior year (current tax year): Enter any refunds received for qualified education expenses paid. Generally, these are refunds to an amount shown in Box 1 or Box 2 of the Form 1098-T Tuition Statement. Use this box for prior year refund amounts, and Spring Semester refund amounts.