topic My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1362952#M493511 I make less than $68K. Thu, 26 Mar 2020 17:21:37 GMT ahelms 2020-03-26T17:21:37Z My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583? https://ttlc.intuit.com/community/taxes/discussion/my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1362952#M493511 I make less than $68K. Thu, 26 Mar 2020 17:21:37 GMT https://ttlc.intuit.com/community/taxes/discussion/my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1362952#M493511 ahelms 2020-03-26T17:21:37Z Re: My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583? https://ttlc.intuit.com/community/taxes/discussion/re-my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1363027#M493549 <P>Which credit are you using?&nbsp; Lifetime Learning Credit has a limit of $58,000 if single.</P> <P>&nbsp;</P> <P><A href="https://turbotax.intuit.com/tax-tips/college-and-education/the-lowdown-on-education-tax-breaks-/L5n9piNb4" target="_blank">https://turbotax.intuit.com/tax-tips/college-and-education/the-lowdown-on-education-tax-breaks-/L5n9piNb4</A></P> <P>&nbsp;</P> <P><SPAN style="font-family:Arial"><A href="https://ttlc.intuit.com/community/credits-and-deductions/help/what-education-tax-credits-are-available/00/26033" target="_blank"><SPAN style="font-size:10.5pt">Education Credits</SPAN></A></SPAN></P> Thu, 26 Mar 2020 17:36:50 GMT https://ttlc.intuit.com/community/taxes/discussion/re-my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1363027#M493549 CatinaT1 2020-03-26T17:36:50Z Re: My 1098-T shows that I paid $7915 so why don't I get a tax credit of 20% or $1583? https://ttlc.intuit.com/community/taxes/discussion/re-my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1363250#M493635 <P>Thank you for helping. I am using the lifetime learning credit but do not see the 58k limit. On instructions for form 8863 it’s says 68k is single.</P><P>&nbsp;</P><P>thanks again!&nbsp;<BR /><BR /></P><P>Alice</P> Thu, 26 Mar 2020 18:20:22 GMT https://ttlc.intuit.com/community/taxes/discussion/re-my-1098-t-shows-that-i-paid-7915-so-why-don-t-i-get-a-tax-credit-of-20-or-1583/01/1363250#M493635 ahelms 2020-03-26T18:20:22Z