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

income limit on 1099-t

Forum|Forum|4 years ago
April 8, 2022
1 reply
0 views

No text available

Yes, there are income limits for 1099-T. To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less for single filers or $160,000 or less for married filing jointly.

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

Employee

Yes, there are income limits for claiming an education credit. To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less for single filers or $160,000 or less for married filing jointly. The phaseout range is $80,000 to 90,000 ($160,000 to 180,000 Married filing jointly).

For the Lifetime Learning Credit, that limit is for 2021 only. It will be less in 2022 and was less before 2021.

Employee

OP means 1098-T, not 1099-T.