Nobody else can claim me, I have taxable income and I had qualified education expenses as a grad student, intuit says I am not eligible, what am i missing/
Nobody else can claim me, I have taxable income and I had qualified education expenses as a grad student, intuit says I am not eligible, what am i missing/
Grad students are not eligible for the more generous and partially refundable American Opportunity credit (AOC). You are eligible for the Lifetime Learning Credit (LLC). The LLC is non refundable. That is, it can only be used to offset an actual tax liability.
If you are referring to the American Opportunity tax credit, you must meet the following requirements to claim:
has not completed the first four years of post-secondary education
enrolled in at least one academic semester during the tax year
maintains at least half-time status in a program leading to a degree or other credential
never been criminally charged with a drug conviction
If you are referring to the Lifetime Learning Credit, you must meet the following requirements to claim:
you paid qualified education expenses for higher education
you are enrolled at an eligible education institution
TurboTax will ask a series of questions to verify your eligibility. If you meet all the requirements, you can double-check your responses by following the following steps:
Select Deductions & Credits on the left-hand side panel