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Look for how the education credits are calculated on Form 8863 in your documents. You may need to pay for the prep fees before being able to view.
Q. TurboTax computing only $53 American Opportunity Credit for my son's $17,500 tuition payment. Married filing jointly with 131k Adjusted taxable income. Why not $1000?
A. A better question would be why not $2500, the maximum. $1000 is only the refundable portion.
The most likely explanation is Turbo Tax has calculated that you only have $53 of net qualified educational expenses (QEE). And the most likely explanation for that is that QEE has been allocated to scholarships and/or 529 plan distributions.
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