You'll need to sign in or create an account to connect with an expert.
Where are you looking that it doesn't show on your return amount?
If TurboTax is saying you are eligible for $1,000 you can look at your form 1040 line 29. You should see the $1,000 there. You can also see it on line 3 of your Schedule 3.
The error may have been earlier in the TurboTax (TT) program when TT may have indicated you might be eligible for $1000.
There's a new 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, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.
You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.
Reference: Line 7 instructions for form 8863.
https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674
If you are eligible, TT by passes Schedule 3 and takes the amount from line 8 of form 8863 and puts it on line 9 of form 1040.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cboise
New Member
TomDx
Level 2
bhsong206
Level 2
Elvin Richmond
New Member
Mrbeetle
New Member