Question

My tax credit is more than my taxes paid is that a good thing or bad thing?

Forum|Forum|3 years ago
January 28, 2023
1 reply
0 views

It’s says -1000 but then adds it to my refund as a American equal opportunity credit

TurboTax Live Deluxe Online

Yes, that would be correct as part of the education credits. You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you. The link below can give you more detail:

AOTC American Opportunity Tax Credit

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