<p>Can i file my 1098-T with my mom sense she is claiming me as a dependent, and i have no other income?</p>
<p>Thanks.</p>
<p>If your scholarships are greater than your tuition, you need to claim that and pay taxes. If your tuition is greater than your grants, your mother can take it</p>
<p>No. It is your income (if you have excess scholarships over tuition/fees/required books).</p>
<p>eve if you could it would be a really bad idea as it would probably make the taxes higher. You have a deduction of $5700 against your taxable income so the first $5700 would be tax free. If your Mom were to report it on her tax return she would probably owe taxes on the full amount.</p>
<p>I have no scholarships… and i had to take out loans to cover what my grants didn’t…</p>
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<p>Huh? grants and scholarships are equal with regard to tax liablity</p>
<p>how do i file it then?</p>
<p>Were your total grants less that your tuition and required fees? (not including room and board and other expenses).</p>
<p>i think so…</p>
<p>Well if they were in excess of tuition and fees and required books they are taxable income (to you). Whether you actually have to file a return or not depends on how much they were in excess. If it is under the amount where you are required to file a return ($5700) then you do not have to file a return (if you have no other income). If it is over $5700 then you will have to file a federal return and may owe some taxes. </p>
<p>If you do need to file then the IRS website has some links to free software, such as turbotax, that will walk you through filing a return and enable you to file online.
[Free</a> File Home - Your Link to Free Federal Online Filing](<a href=“http://www.irs.gov/efile/article/0,,id=118986,00.html?portlet=8]Free”>http://www.irs.gov/efile/article/0,,id=118986,00.html?portlet=8)</p>
<p>Just went and double checked and it comes out to 4450~ :)</p>