How did I qualify for an education nonrefundable credit last year?

Forum|Forum|2 years ago
April 1, 2024
1 reply
0 views

No text available

TurboTax Deluxe Online

xmasbaby0

Employee

No one can see your tax return so we do not know. Did you get the Lifetime Learning Credit? That is a non-refundable education credit of up to $2000 that can be used to reduce your tax owed---but is not added to your refund.

https://ttlc.intuit.com/community/credits-and-deductions/help/what-expenses-qualify-for-the-lifetime-learning-credit/00/26844

https://ttlc.intuit.com/questions/3262984-who-is-eligible-for-the-lifetime-learning-credit

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Hal_Al

Employee

Technically there is a provision that allows a student-dependent to claim a federal tuition credit. But, from a practical matter it seldom works out. A student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit (AOTC) if he/she supports himself by working. She cannot be supporting herself on student loans & grants and 529 plans and parental support. It is usually best if the parent claims that credit.

If the student actually has a tax liability, there is a provision to allow him to claim a non-refundable tuition credit. But then the parent must forgo claiming the student as a dependent, and the $500 other dependent credit. The student must still indicate that he can be claimed as a dependent, on his return. This is worth up to $2500 (AOTC shifts to all non refundable)