If you are eligible for the Lifetime Learning Credit, you should receive a tax credit for up to 20% of your Box 1 Tuition Expenses with the credit never being greater than $2,000. Please note that if your filing status is married filing separately, you are not eligible for this credit. You are also not eligible if your income exceeds $139,000 if married filing jointly and $69,000 for other filing statuses. If this is the case, then you do not need to enter any education information on your tax return.
I am unable to re-create a scenario in which entering the tuition expenses is increasing the tax due. Please follow these steps to enter the tuition expense and let me know if it is causing a decrease in your tax refund or an increase in your tax due:
- Open or continue your return
- Select Search and search for 1098t
- Select the Jump to link in the search results
- Delete the information you already have in there and click Add a Student
- Answer Yes to Did you get a 1098-T for the year? and Continue
- On the next screen, you can choose how you'd like to add your 1098-T. You can upload a digital copy from your computer or type it in yourself. Select which option you'd like and Continue
- After entering the information from the 1098-T you will navigate through several more questions.
- When you click Maximize My Education Tax Break, TurboTax should determine you are eligible for the Lifetime Learning Credit if you are under the gross income limitation.
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