topic After entering my daughter's 1098-T, TT says im not eligible to claim any credit for it. in Education

After entering my daughter's 1098-T, TT says im not eligible to claim any credit for it.

john51 — Thu, 06 Jun 2019 09:51:53 GMT

OUR INFO: We paid $14,200 whole year. My daughter is a Junior, 20years old. We earned $180,000. We didnt avail of any scholarship/grant or Education fund. We've claimed her tuition expenses for two years now. This is our 3rd year of claiming her tuition as expenses.

There is a $180,000 income limit to be able to claim eith...

Texas Roger — Thu, 06 Jun 2019 09:51:55 GMT

There is a $180,000 income limit to be able to claim either the American Opportunity Credit or the tuition and fees deduction. Any filers with income of $180,000 or more on a married filing jointly tax return are not eligible to receive the credit or deduction.

See IRS Pub. 970 for details: https://www.irs.gov/pub/irs-pdf/p970.pdf">https://www.irs.gov/pub/irs-pdf/p970.pdf</a>

Correction: our combined income is $169,500 broken down...

john51 — Thu, 06 Jun 2019 09:51:57 GMT

Correction: our combined income is $169,500 broken down as W2= $135,000. Business income = $48,000 but after expenses, net is $34,500.