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Employee
March 9, 2022
Question

American opportunity credit

  • March 9, 2022
  • 1 reply
  • 0 views

where in turbo tax deluxe do I enter the American opportunity info to get money back ?

you can do this in turbo tax simple free version as well?

 

 

 

 

what you you do in free version 

when do you need to upgrade to deluxe version. 

I assume any interest on an investment account bumps you up to turbo tax deluxe 

but how about interest from simple money market account?

    1 reply

    JohnB5677
    March 9, 2022

    To enter education expenses to get the American Opportunity Credit

     

    Log into Turbotax

    1. On the menu bar on the left that shows.

      1. My Info

      2. Federal

      3. State

      4. Review

      5. File

    2. Select Tax Tools

    3. On the drop-down select Tools

    4. There will be 4 green boxes

    5. Select Tax Topics

    6. Type Education Expenses

    7. Start the Interview

    You can not do American Opportunity Credit in the Free version.

     

    TurboTax Free Edition is their free version. It’s $0 to prepare your Federal return. It’s $0 to prepare your state return. And it’s $0 to file both returns.

    There is, however, a minor catch. It’s only meant for the simplest of tax situations.

    If you only have:

    • W-2 income
    • Unemployment income
    • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
    • Claim the standard deduction
    • Earned Income Tax Credit (EIC)
    • Child tax credits
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