turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I report a TurboTax Error in a State Tax Credit?

The "Credit for Student Loan Repayment - Degree Information" section of the Maine Tax return does not appear to account for degree level in its calculations(Associates/Bachelors/Masters).

In previous years, I filled out worksheet through Maine.gov and added it into TurboTax. Then and now per [https://www.maine.gov/revenue/faq/educational-opportunity-tax-credit] the credit was limited to the lesser of [monthly payments], [monthly owed by loan agency], [monthly benchmark].

Presently, if a 2014 Associates graduate fills out the Eligible payments as directed, it appears the Bachelor degree benchmark governs the credit, resulting in a 300/month over credit.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

How do I report a TurboTax Error in a State Tax Credit?

You are correct. The Maine student loans area does require you to be knowledgeable, as the question asks for you to enter the eligible amount. Great job noticing and knowing the laws!

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies