I have insurance through the market place. I estimated I was going to make around $19,000 when applying for my insurance, and I did, but I work for Target and they paid for my tuition for a coding bootcamp, which added almost 10,000 to my box 1 leaving the final amount to around $30,000. Now because of that I have to pay a lot of money back to the market place because they think I made more than what I actually made. Is there a deduction like the "American Opportunity Credit" or the "Lifetime Learning Credit" that I can apply for so it can lower my taxable income? ps: Target paid for the entire thing, and the money did not go through me, they paid the university (MSU Michigan State University) directly. Thank you so so so much for your answer, I hope I can do this because it would save me so much money. |
