TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

I am full time college student since 2021. I purchased a laptop for school purposes in 2021 but I recently got to know that I could have used this purchase as a necessary expense for student. Can I use this purchase to offset expense in the tax year

Forum|Forum|1 year ago
April 13, 2024
1 reply
0 views

No text available

Employee

Q. I purchased a laptop for school purposes in 2021 but I recently got to know that I could have used this purchase as a necessary expense for student. Can I use this purchase to offset expense in the tax year 2023?

A. No. But, if you didn't get the maximum credit*, back in 2021, you can file an amended 2021 return to claim that expense, for more credit.

*The American Opportunity Credit is 100% of the first $2000 and 25% of the 2nd $2000. It is 40% refundable (up to $1000). The remaining 60% ($1500 max) can only be used to offset your tax liability.