Thank you for looking at it. Maybe I am just confused by the AOTC. The last 3 years we have received a refund of $2500 having the one child in college. I thought having 3 would give us a $7500 refund since they meet all the eligibility and financial factors
The child I added last was the one on the top (you probably know this just want to confirm since you can't see the names). When I take her off it is now reducing the refund by $1000 (whereas before it was $1526). By taking her off it also raises the refund for my other two (daughter #1 from $2083 to 2470 and daughter #2 from $2109 to $2500. For daughter #1 we paid a little less than $4000 for tuition, so I expected hers to be a little less than $2500. why would adding a third child reduce the refund for the other 2?
So, I guess my question at this point is what are all the variables causing the fluctuations in refund amount? If we make less than the cap, why can't we receive the full $2500 per child? I guess I also don't quite grasp the concept of the refundable and nonrefundable part of the credit either. Thank you!
I really appreciate you taking the time to help me on this matter.
