Education

So here's my question to you. Did you get a Form 1098T from a college or an institution for the amount of money you paid towards these courses? This credit is called the American Opportunity credit and is a refundable credit up to 40% of the amount after the full tax liability is wiped out upto a maximum of 1,000. It shows up on Line 39 on the 1040 pg. 2. All this information should be  entered under Deductions/Credits / Education in the Turbotax software and the program will calculate the optimum benefit.

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