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stepkh45
February 24, 2020
Question

lifetime learning credit

  • February 24, 2020
  • 1 reply
  • 0 views

I qualify for the Lifetime Learning Credit, but the systems prefers to use the deduction credit to save me $4,000. The only issue is I don't need to save anything because I don't owe anything. can someone help me fix this? 

    1 reply

    Hal_Al
    Hal_Al
    Employee
    February 24, 2020

    "The only issue is I don't need to save anything because I don't owe anything".

     

    The LLC is a non-refundable Credit.  Once your tax liability is reduced to zero, you get no more credit. That is, it is not added to your refund.

     

    TT (almost) always selects the Tuition and Fees Deduction, in this case, because it transfers to the state return.

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