Hello! I am filing my taxes through TurboTax right now. I am employed and a Masters level student. I had already over-paid in taxes this year so I am getting a $500 refund; however, with the Lifetime Learning Credit added in, it is showing up as me getting around $2500 in a refund.
On reading articles about the LLC, I see that it is non-refundable, so I am concerned that I should not actually be receiving all of this money. Is this a system error that is refunding me that money? Or is it more of a conceptual problem on my side? I could see how overpaying taxes + having the LLC would mean I should get a $2500 refund on taxes, so maybe it is just semantics. Please explain it as clearly as possible, as tax concepts are really hard for me!
