Extra Tuition 1098-T

Today TaxMama® hears from tbachrodt in the TaxQuips Forum, with this question.  “I recently filed my taxes. I am already receiving the American Opportunity Credit and Lifetime Credit. I just received an additional 1098T in the mail that I forgot was coming. Do I need to file an amended return, even though I am already eligible for the 2 education credits?”


Dear TBA,

Did the additional 1098-T show any additional scholarships in excess of your costs?

Have you already used the maximum education credits?

In fact, CAN you use BOTH the American Opportunity Credit and Lifetime Credit?  Ah…you must have more than one person getting educated. I hope? Otherwise, there’s only one credit per person.

No, if there would be no change to your tax return, this is one of those times when you don’t need to do a thing!

And remember, you can find answers to all kinds of questions about amending tax returns and other tax and business issues, free. Where? Where else? At www.TaxMama.com.

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