1098-T how to claim?

Paying for College
9

<p>Tax dependents are not eligible for the AOC, only the parents. Up to $1000 of the AOC is refundable, so even if the parents don’t owe any tax or have to file, you can get money back, if you have the expenses to claim it.</p>

<p>There is a question on fafsa, likely on css profile too, that asks how much of AGI was taxable scholarships reported to IRS. That amount is subtracted from the student’s AGI for aid calculations.</p>

<p>Here’s the IRS Pub 970 link for all things educational:</p>

<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf&lt;/a&gt;&lt;/p&gt;