tuition

Forum|Forum|5 years ago
February 24, 2021
1 reply
10 views

I input my tuition from my 1098-T, it calculated what my allowed amount was to be half and lowered my return amount. Why did it change it and how do I change it back?

JoannaB2

Level 9

The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. You can get a maximum annual credit of $2,500 per eligible student, and 60% of the credit is non-refundable which is used to lower liabiltiy and the remaiming 40% will be refunded on the return.

You may not claim AOTC credit for the tuition paid at higher educational institution; if your scholarship was more than the tuition and the difference may be taxable on your income tax return.

You can delete the form:

Login to Turbo Tax.
In Tax Home Screen, click Tax Tools, then Tools.
Under Tax Tools Center, scroll down and click delete a form
Under Review List, scroll down and choose 1098-T, click delete

See, American Opportunity Credit.

julesmichelle20Author

Level 2

I have already maxed out that credit 4 times. I was entering straight info off of my 1098-T. It calculated one way. There was a button I accidentally hit that said something to do with whether I paid that toward my school and I think it got selected. I can't get back to the main tuition page to make adjustments and fix this error.