in Events
You'll need to sign in or create an account to connect with an expert.
There are different kinds of deductions. The tuition and fees deduction is not an itemized deduction. It's what's called an "above-the-line deduction." You can claim the tuition and fees deduction even if you are not using itemized deductions.
There seems to be a part 2 to your question"
Why is a $4000 deduction is better than the $2500 credit?
Not everybody gets the full $2500, if their tax has been reduce to 0. But, with $4000 in expenses, you should get the $1000 refundable AOTC credit if the student is your dependent. So there must be another reason. you're not getting the AOTC.
See https://www.irs.gov/Individuals/AOTC
You can use this IRS tool https://www.irs.gov/help/ita/am-i-eligible-to-claim-an-education-credit
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.
Raph
Community Manager
in Events
mpruitt71
New Member
stbrocato
New Member
fjordlander65
New Member
ChemCorr
New Member