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March 2, 2021
Question

Education 1098-T

  • March 2, 2021
  • 2 replies
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Turbotax program said, not qualified for AOC or Lifetime, but still used 8863 Lifetime Credit, why didn't it use 8917?

    2 replies

    March 2, 2021

    Form 8917 Tuition and Fees Deduction will allow you to deduct all or a portion of your education expenses from your taxable income before your tax is calculated.

     

    Form 8863 Education Credits will allow you to deduct all or a portion of your education expenses from your income tax, so it normally gives you a bigger deduction.

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    Hal_Al
    Employee
    March 2, 2021

    If you're not qualified for the AOC or LLC, you're usually not qualified for the TFD (8917) either. 

     

    For rules, see instructions at

     

    https://www.irs.gov/pub/irs-pdf/f8917.pdf