CatinaT1
Employee Tax Expert

Get your taxes done using TurboTax

That is strange. Are you saying the refund monitor changed or something changed on your forms?

 

The American Opportunity Tax Credit is broken down into a maximum $1,500 nonrefundable portion (used to reduce tax liability to zero) and a maximum $1,000 refundable portion (paid to you even if you owe no tax). When you look at your forms are you getting both those pieces of the credit for her? If so, the reduction of the $1,526 was not related to the credit. The nonrefundable portion will show on Schedule 3, line 3 and the refundable credit will be on Form 1040, line 29.

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