JohnW152
Expert Alumni

State tax filing

The TurboTax screen relating to this issue doesn't quite match up with the instructions in the 2023 Student Loan Repayment Tax Credit Worksheet.

 

The instructions for Box D of the worksheet state:

Check this box if you previously received the EOTC for tax year 2019, 2020, or 2021 for a bachelor’s or associate degree in science, technology, engineering, or mathematics (“STEM”) to indicate that you may be eligible to receive the one-time increased credit, up to $3,500. Also see the instructions for line 5 below. 

 

So, you wouldn't check Box D (on the worksheet) if you've already received the increased credit.

 

However, this isn't specified on TurboTax's Credit for Student Loan Repayment - Degree Information page:

 

 

Answering the second question Yes would appear to be the equivalent of checking Box D, and so will allow the $3,500 credit, even though it's a one-time credit you've already received.

 

Try selecting No Entry on the second question, and see if you receive the correct amount of credit.

 

See Student Loan Repayment Tax Credit (SLRTC) FAQ for more information.