Lifetime learning credit 1098T tax credit

Forum|Forum|3 months ago
April 1, 2026
2 replies
77 views

I owe 300 for Fed taxes. When I put in my 1098T tax form. I should get a credit of 2000 (20%). When i put it in it says I get a refund of 1700. It should bring my taxes to 0, not give me a refund of 1700 from what I read for the LLC credit. What am i inputting wrong in Turbotax?

MinhT1

Level 15

The Life Learning credit is a non-refundable credit, but it should be matched against your tax liability and not your refund. As an example, your tax due of $300 could be the result of a tax liability of $3,500 and a tax withholding of $3,200. The Lifetime learning credit of $2,000 would result in a refund of $1,700.

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NCperson

Level 15

@Nicki9

taxes are determined on lines 11-24. the tax liability is on line 22. your LLC will reduce this liability, but it can't go below zero.

Once tax is determines, the payments (lines 25-33) is how you pay for it .

Nicki9Author

Level 2

ok, so my 1700 refund is legitimate? Line 18 is 3243, lines 20 and 21 are 2000, line 22 is 1243. line 33 is 3025. So refund is 1782? I just want to make sure the Learning Credit was applied correctly, and I don't owe it back later.