Tuition deduction not added to federal return?

[Scrdudley301]

According to my return I have a $500 education deduction.  Will this amount be deposited directly to my account seperate from my state and federal refund.  After passing the page that showed this deduction I did not see any information about the 500 deduction.

[Marketstar · Accepted solution]

No, your $500 educational deduction is factored into your refund or tax due for state and federal returns.

The $500 is not a dollar for dollar increase in your refund (or reduction in tax due) it is a reduction of taxable income.

For instance, if you are in the 10% tax bracket, the $500 deduction will add about $50 to your refund (or reduce a tax due by the same amount).