I still have taxes due on my return yet the American Opportunity Tax Credit is being limited by the Refundable Tax Credit. My household income is not particularly high by the Education Tax Credit is being limited to $1,500 instead of receiving the whole $2,500 Education Tax Credit.
This credit is for my third child in college and this is the first time that Turbo Tax has calculated a limited Education Tax Credit on my return. It looks like there could be an error in the various pages related to Form 8863.
Help Please!
LostinNJ
