I entered the education expenses for my wife's graduate program (form 1098-T) but TurboTax determined no tax credit. Its showing expenses as $0. Could someone advise?

Forum|Forum|4 years ago
March 29, 2022
1 reply
0 views

I paid about $15k for the fall semester of my wife's graduate program. For some reason, its not treating it as a qualified education expense. Am I missing something?

TurboTax Deluxe Online

FangxiaL

You should qualify for $2,000 non-refundable lifetime learning credit if your income is under $80,000 (or $16,000 for MFJ). If your MAGI is more than $180,000, you don't qualify for the credit. MFS filing status cannot claim that credit.

Who is eligible for the Lifetime Learning Credit?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

deepfritz-rjAuthor

Alright, thanks for the information. Could you tell me where I could check my computation of MAGI (and AGI if possible) on TurboTax?
Regards

ThomasM125

You can see your adjusted gross income (AGI) on line 11 of your form 1040. Your modified adjusted gross income (MAGI) for education purposes would likely be the same number, unless you had excluded some foreign earned income from taxation on your return, which is rare.

You can view your form 1040 while working in the online version of TurboTax by following these steps:

While working on your return in the Federal section of TurboTax:

1. Choose the Tax Tools icon on your left menu bar

2. Tools

3. View Tax Summary

4. Choose the Preview my 1040 on your left menu bar

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"