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February 13, 2021
Question

Will filling out a schedule 3 for higher education expenses and credits increase my federal refund? I am already taking the standard deduction.

  • February 13, 2021
  • 1 reply
  • 0 views
I made around $20,000 and paid about $1700 in tuition, no grants or loans.

1 reply

AmyC
Employee
February 13, 2021

Yes, you want to enter expenses. The education credits are both:

  • non-refundable up to $1,500 to decrease your tax liability and
  • refundable up to $1,000 and will increase your refund.
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