To clarify the rules: Under the American Rescue Plan Act, the income calculation is not the same for all of the education benefits.
The unemployment exclusion is not added back when calculating MAGI for the education credits: specifically the American Opportunity Credit and the Lifetime Learning Credit.
The unemployment exclusion is added back when calculating MAGI for the education deductions: specifically the Tuition and Fees Deduction and the Student Loan Interest Deduction.
TurboTax apparently adds back the unemployment exclusion for the two credits, as well as for the two deductions. So the calculation in TurboTax is correct for the two deductions but it is wrong for the two credits.
