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Am i supposed to file taxes?

I am 21 years old, and I go to college and receive financial aid grants. I never had a job before as well. I just got a 1098-T form in the mail. Am i supposed to file taxes? what am i supposed to do with this form?

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  • ?
    Lv 7
    2 months ago
    Favorite Answer

    It's a form that shows your college tuition and any scholarships received.  If you are a dependent, give the form to your parents. They may be able to use it to claim an education credit.  If you are no longer a dependent, you may be able to use it on your return.  Read IRS Publication 970 for more information.

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