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Level 3

Error on return

we received the education credit for 5 years in error. We now have taxes due on our 2017 tax return. Does turbo tax help cover the taxes due or penalties, due to the error?
1 Reply
Level 11

Error on return

No, TurboTax is not going to pay the extra tax or penalty you owe for making your own mistake and claiming a credit more times than the tax law allowed.  TurboTax's accuracy guarantee covers calculation errors--which you did not have.   Your mistake was your own, which you pay for yourself.  Sorry.

 

https://turbotax.intuit.com/corp/guarantees/