Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 10:23:02 PM

I had qualified for lifetime learning credit for $1700 does this get refunded with my federal tax return? Or do I need to take another step to process that.

0 15 2088
1 Best answer
Level 7
Jun 4, 2019 10:23:03 PM

No, your Lifetime Learning Credit is factored into your refund or taxes owed-it is not processed separately.

15 Replies
Level 7
Jun 4, 2019 10:23:03 PM

No, your Lifetime Learning Credit is factored into your refund or taxes owed-it is not processed separately.

New Member
Jun 4, 2019 10:23:05 PM

So I will get an additional $1700 along with my refund? When I look at "track my refund" it only says the amount I get back from federal.

Level 7
Jun 4, 2019 10:23:06 PM

It will actually reduce your tax liability by $1,700. That reduction is factored into your refund result

New Member
Jun 4, 2019 10:23:07 PM

So the refund amount is all that I will receive? Last year I was refunded 1200 just for school. Why would I not be getting anything this year.

Level 7
Jun 4, 2019 10:23:09 PM

You are-the $1700 tax break-the reduction of your tax liability.

New Member
Jun 4, 2019 10:23:10 PM

Sorry I'm still a little confused. The credit was just a reduction? Not something I will be refunded? That's what I meant by last year. I was physically given back that money. Is that any different than this year?

Level 7
Jun 4, 2019 10:23:11 PM

Did you get a refund?

New Member
Jun 4, 2019 10:23:13 PM

I have not gotten it yet. But Yes I will and it only says $280

Level 7
Jun 4, 2019 10:23:16 PM

The Lifetime Leaning credit was a tax break to you that was factored into (or included) in your refund amount. Without the credit, you may have owed taxes. The credit reduced your tax liability enough to get you that refund amount.

New Member
Jun 4, 2019 10:23:17 PM

I don't understand what would have made me owe 1200 more ham lat year. I had same income and same amount of tuition. When I first put in educational costs it said I was getting that amount refunded then automatically said unqualified for lifetime learning credit. I didn't choose to use that. Is there a way I can go back and take that off so I can be refunded this amount?

New Member
Jun 4, 2019 10:23:19 PM

I don't understand what would have made me owe 1200 more than last year. I had same income and same amount of tuition. When I first put in educational costs it said I was getting THAT amount refunded then automatically said i qualified for lifetime learning credit. I didn't choose to use that. Is there a way I can go back and take that off so I can be refunded this amount? *sorry there were mistakes in the last message*

Level 7
Jun 4, 2019 10:23:20 PM

If your return has not been filed and accepted by the IRS, you cannot change it.

New Member
Jun 4, 2019 10:23:21 PM

It shows that it has been accepted both federal and by state. Is there a time that I can change and just take "lifetime learning credit" off?

Level 7
Jun 4, 2019 10:23:23 PM

You can later amend your return to remove it, but why would you? TurboTax gave you your most advantageous educational tax benefit.

New Member
Jun 4, 2019 10:23:24 PM

Just before it said I had qualified for that credit. It was telling me my refund would be much higher. This is why I'm confused what it took away from.