Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Tuition & Educational Credit, Form 8863
Tuition & Educational Credit, Form 8863
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
2023Flatbush
Level 1
07-10-2023
02:46 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Taxpayer is single in prior tax returns has received the tuition credit that zeroed out 2021 tax liability. The credit was $ 1,640
Taxpayer earned about 30K in salary for 2021.
For 2022 Taxpayer earned about $70K in salary for 2022. She paid Tuition of about $ 11,500.
The Intuit program for 2022 does not allow her any Tuition Credit.
I believe the taxpayer should receive the $ 2,000 non-refundable credit against her tax Liability for the tax year 2022.
Labels
3 Comments 3
TaxGuyBill
Level 15
07-10-2023
07:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does the "Education Cost" worksheet show the amount of qualified expenses?
On the "Student Info" sheet, does Part 3 show it qualifies for the Lifetime Learning Credit? If not, what does it show as not qualifying?
On Form 1040, does line 18 show enough tax for the credit to be used? Is the credit on line 19 completely offsetting the tax on line 18?
