I would like to know why my refund result went from a 1130 to 3479 after I put in informations from my 1098-T from my school, and other school expenses information.
I would like to know why my refund result went from a 1130 to 3479 after I put in informations from my 1098-T from my school, and other school expenses information.
If your refund increased, it's because you were entitled to an education credit. There are three types of educational credits.
American Opportunity Credit - Maximum credit of $2,500 and may be refundable but can only be used for the first 4 years of college while working towards a degree
Lifetime Learning Credit - Maximum credit of $2,000 but none of the credit is refundable
Tuition & Fees Deduction - Deduction of up to $4,000
Please see the following links for more details on these items.