The amount is greater for a tuition deduction as compared to the american opportunity credit and I am given no choice

Forum|Forum|5 years ago
January 31, 2021
2 replies
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I was a full time student (spring, summer and fall) and attempting to either use the American opportunity credit or the tuition deduction credit however turbotax doesn't give me a choice to accept the greater amount being the tuition deduction

TurboTax Live Deluxe Online

Best answer by Hal_Al

The tuition deduction (TFD) is only a deduction in income before tax is calculated. A credit is an actual reduction in tax. the american opportunity credit (AOC) also includes a refundable portion up to $1000.

It is rare, very rare, for the TFD to be better.

That said, you can check it by typing "letme" in the search box in TT and it will give you the option to select LLC. Try it, if you get better results, leave it, otherwise change it back.

Type letme (no space between let & me) in the search box. When the dropdown list appears, click on letme rather than "jump to letme'. On the next drop down, click on the "jump to letme” link.

xmasbaby0

Employee

You are posting from TurboTax Live. You can arrange for the Live help you are paying the extra fee for with your questions

https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Hal_AlAnswer

Employee

It is rare, very rare, for the TFD to be better.

That said, you can check it by typing "letme" in the search box in TT and it will give you the option to select LLC. Try it, if you get better results, leave it, otherwise change it back.

Type letme (no space between let & me) in the search box. When the dropdown list appears, click on letme rather than "jump to letme'. On the next drop down, click on the "jump to letme” link.