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MikeK
New Member

I completed the Student Information Worksheet and it says I qualify for the American Opportunity but form 8863 is blank?

It looks like the system is giving me a $4000 deduction but no education credit.

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I completed the Student Information Worksheet and it says I qualify for the American Opportunity but form 8863 is blank?

Since the American Opportunity Credit is not refundable, the tax benefit from taking an Education deduction may be greater than the benefit from an Education credit.

You can click on Forms in the upper right corner and look at the Education Tuition and Fees Summary (Tuition Smmary) worksheet and/or Form 8863.

The Education Tuition and Fees Summary shows the calculation of the allowable Tuition and Fees Deduction as well as the tentative Education Credits.  You can click on the QuickZoom to Form 8863 and/or Form 8917.

You should also look at Question 1 on the Education Tuition and Fees Summary and make sure the Launch Optimizer box is checked.  (See the screenshot below)

Please go to the link below and read the differences between the credits, deductions, etc.

https://blog.turbotax.intuit.com/tax-deductions-and-credits-2/education/education-tax-deductions-and...



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