turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Tuition Deduction

Ive received a Tuition Deduction of $1400, but it doesn't add up to my refund … is there a reason for that 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KarenM90
Expert Alumni

Tuition Deduction

I assume you are referring to the Tuition and Fees Deduction?  

 

There is a difference between a Credit and a Deduction.

 

Tax deductions, reduce the amount of your income that is subject to tax, Tax credits reduce the amount of tax you owe, giving you a dollar-for-dollar reduction of your tax liability.

 

So your Tuition Deduction lowered your taxable income which reduced the tax you owe, but it is not a dollar for dollar reduction in tax so it is not a dollar for dollar increase in your refund.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question