topic While filling state taxes, the maximum amount of total Qualified Student Loans i can input is 5000. However the total loan is much more than that. Is that a glitch in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/while-filling-state-taxes-the-maximum-amount-of-total-qualified-student-loans-i-can-input-is-5000/01/550935#M224660 Wed, 05 Jun 2019 05:23:31 GMT saketshrm 2019-06-05T05:23:31Z While filling state taxes, the maximum amount of total Qualified Student Loans i can input is 5000. However the total loan is much more than that. Is that a glitch https://ttlc.intuit.com/community/taxes/discussion/while-filling-state-taxes-the-maximum-amount-of-total-qualified-student-loans-i-can-input-is-5000/01/550935#M224660 Wed, 05 Jun 2019 05:23:31 GMT https://ttlc.intuit.com/community/taxes/discussion/while-filling-state-taxes-the-maximum-amount-of-total-qualified-student-loans-i-can-input-is-5000/01/550935#M224660 saketshrm 2019-06-05T05:23:31Z That is actually the rule for the credit - there is only... https://ttlc.intuit.com/community/taxes/discussion/that-is-actually-the-rule-for-the-credit-there-is-only/01/550943#M224666 <DIV>That is actually the rule for the credit - there is only a max of $5,000 original loan amount allowed to be used for the calculation.&nbsp; The&nbsp;maximum amount of the actual credit is $500.&nbsp; If you take a look at the form and follow the calculations, then you can see Line 11 mentions the $5,000 maximum directly on the form.</DIV><DIV> <BR /> </DIV><DIV> <A rel="nofollow" href="https://www.revenue.state.mn.us/Forms_and_Instructions/m1slc_18.pdf" target="_blank">https://www.revenue.state.mn.us/Forms_and_Instructions/m1slc_18.pdf</A> </DIV> Wed, 05 Jun 2019 05:23:32 GMT https://ttlc.intuit.com/community/taxes/discussion/that-is-actually-the-rule-for-the-credit-there-is-only/01/550943#M224666 AnthonyC 2019-06-05T05:23:32Z