ABice
Returning Member

Education Credit Amount

TurboTax says that my biggest credit is in the form of a tuition deduction wor th$4,000. I am confused as to how that benefits the dollar amount I will receive in my refund? My sister who qualified for the American Opportunity Education credit received a whole $2,500 from the credit according to TurboTax. I am confused as to why TurboTax reports my value as $4,000 but my total refund isn't even $1,000? I'm a 20 y/o junior in undergrad.