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College student filing my taxes. I am taking advantage of the American opportunity credit as my expenses / income qualify. Do I need Turbo Tax deluxe? I'm a poor studen

 
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3 Replies
PattiF
Expert Alumni

College student filing my taxes. I am taking advantage of the American opportunity credit as my expenses / income qualify. Do I need Turbo Tax deluxe? I'm a poor studen

Yes, you do need TurboTax Deluxe which includes Form 8863 that is used for education credits.

 

Here is a list of tax forms available with each version of TurboTax.

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College student filing my taxes. I am taking advantage of the American opportunity credit as my expenses / income qualify. Do I need Turbo Tax deluxe? I'm a poor studen

Just a note that you cannot claim the American Opportunity Tax Credit if you’re claimed as a dependent on another person’s tax return, such as your parent’s tax return.   There's an urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working.

Hal_Al
Level 15

College student filing my taxes. I am taking advantage of the American opportunity credit as my expenses / income qualify. Do I need Turbo Tax deluxe? I'm a poor studen

TurboTax also has another free product called the Free File Edition (not to be confused with the regular Free Edition).  It has free Federal preparation and free State preparation. There is no efiling fee. It is not available after October 15

The Free file Edition can handle a 1099-MISC.

The Free file Edition is more fully-featured than the regular Free Edition.  The Free File Edition can prepare Schedule A, C, D, E, and F that the Free Edition cannot. 

To qualify for free 2020 federal and state tax returns through the IRS Free File Program delivered by TurboTax, you just need to meet one of these requirements:

  • Your 2020 household AGI is $39,000 or less;
  • You qualify for the Earned Income Tax Credit (EITC); or
  • In 2020, you served as active duty military (including Reservists and National Guard) with a maximum AGI of $72,000, and you have a military-issued W-2.


The FREE FILE Edition is located at:
https://turbotax.intuit.com/taxfreedom

How to switch and start over in Free file Edition
https://ttlc.intuit.com/questions/2026912-how-do-i-switch-to-turbotax-freedom-edition

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