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R
rilycat
February 5, 2022
Question

Turbo Tax said that I qualified for the American Opportunity tax credit and it added the money to my return. However, when I added my W2's it took the money off. Why?

  • February 5, 2022
  • 2 replies
  • 0 views
No text available

2 replies

ColeenD3
ColeenD3
February 5, 2022

It possibly moved the credit. If you have no income, you can get the full refundable portion of the credit. If you have any tax liability, the credit pays that first and gives the balance as a refundable credit.

Hal_Al
Hal_Al
Employee
February 5, 2022

I sounds like a simple case of you didn't have enough withheld from your pay.  The tax due on your wages wiped out the refundable education credit. 

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