When doing the Maine Tax Return, Turbotax is only giving a $2500 credit for Student Loan Repayments when it should give a one-time $3500 credit (the STEM box is checked).
When doing the Maine Tax Return, Turbotax is only giving a $2500 credit for Student Loan Repayments when it should give a one-time $3500 credit (the STEM box is checked).
When going through the Maine return, you must select YES for credit for Student Loan Repayment, when you enter the type of degree, to get the $3500, you must mark degree in STEM.
Please see page 2 for the new rules this year - bottom left corner.
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