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May 15, 2021
Question

Why did I not receive the maximum amount of $4000 for the Tuition and Fees deduction?

  • May 15, 2021
  • 1 reply
  • 0 views
Only received $2000.  Had > $9000 in direct expenses.

1 reply

Hal_Al
Employee
May 15, 2021

There's an income limit ($65K, $130K Married filing jointly).  Above the limit, you only get a $2000 deduction.

 

Above $80,000 ($160,000 if married filing jointly),  no deduction is allowed.