KrisD15
Expert Alumni

Get your taxes done using TurboTax

Did you go through the ENTIRE education interview? 

After entering the 1098-T go through Other Education Expnses

Scholarships/Grants

Education Information

 

Is your income below the limits for the credits? 

 

What are the income limits for AOTC?
To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).
You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).

 

What are the income limits for LLC?
For TY2020, the amount of your LLC is gradually reduced (phased out) if your MAGI is between $59,000 and $69,000 ($118,000 and $138,000 if you file a joint return).
You can’t claim the credit if your MAGI is $69,000 or more ($138,000 or more if you file a joint return).

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"