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May 22, 2020
Question

When or where do I apply the tuition and fees deduction of $1,320 that turbo tax says I qualify for?

  • May 22, 2020
  • 1 reply
  • 0 views
the system on,y changed my refund by roughly $300.

1 reply

macuser_22
Employee
May 22, 2020

A deduction is just that, it reduces your taxable income.   It is not a refund.   A $300 tax reduction for a $1,320 deductions would indicate that you are probably somewhere around the 23% tax bracket.   (Each dollar of deduction will lower the tax by about 23 cents.)

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**