Skip to main content
February 11, 2021
Question

Why is my tuition deduction only $1562 if my tuition and books cost $2012?

  • February 11, 2021
  • 1 reply
  • 0 views
No text available

1 reply

Hal_Al
Employee
February 11, 2021

Do you really mean "deduction" or do you mean "credit"?

Books are not eligible for the "Tuition and Fees deduction" (TFD).

The credit is generally limited to you tax liability, although the AOC does have a partially refundable portion. 

 

Check the forms (8863 or 8917) for calculations.

 

Otherwise, you've entered something wrong