topic Turbo Tax is reducing amount of student tuition amount to transfer or carry forward when the student does not need it to decrease income - how do I stop it please? in Seniors and students https://turbotax.community.intuit.ca/community/seniors-students/discussion/turbo-tax-is-reducing-amount-of-student-tuition-amount-to-transfer-or-carry-forward-when-the-student/01/945363#M8849 Thu, 31 Oct 2019 11:23:02 GMT howyadointday 2019-10-31T11:23:02Z Turbo Tax is reducing amount of student tuition amount to transfer or carry forward when the student does not need it to decrease income - how do I stop it please? https://turbotax.community.intuit.ca/community/seniors-students/discussion/turbo-tax-is-reducing-amount-of-student-tuition-amount-to-transfer-or-carry-forward-when-the-student/01/945363#M8849 Thu, 31 Oct 2019 11:23:02 GMT https://turbotax.community.intuit.ca/community/seniors-students/discussion/turbo-tax-is-reducing-amount-of-student-tuition-amount-to-transfer-or-carry-forward-when-the-student/01/945363#M8849 howyadointday 2019-10-31T11:23:02Z Tuition is a "Non-Refundable Tax Credit" that is used to... https://turbotax.community.intuit.ca/community/seniors-students/discussion/tuition-is-a-non-refundable-tax-credit-that-is-used-to/01/945364#M8850 <P>Tuition is a "Non-Refundable Tax Credit" that is used to reduce any tax payable on your taxable income. It will not reduce your income &amp; TurboTax will apply the amount needed if any.&nbsp;</P><P>Unfortunately, you cannot&nbsp;<I>choose</I>&nbsp;to carry forward your tuition amounts. You must&nbsp;claim&nbsp;your tuition, education, and textbook amounts in the year they are incurred and you must claim this amount in the first year you have a tax payable.</P><P> <I>This means if you have to use any of the tuition amounts this year to reduce your tax payable, they will be applied to your return automatically by CRA, even if you attempt to carry them forward.&nbsp;</I> </P><P>TurboTax will apply the needed amount to reduce your tax payable to zero this year and carry forward any excess to future years. Then CRA will automatically apply as needed.&nbsp;If you can use all your credits in a particular tax year, you are required to do so.&nbsp;<I>You cannot spread them out over a number of years or wait to claim them.</I>&nbsp;</P> Thu, 31 Oct 2019 11:23:03 GMT https://turbotax.community.intuit.ca/community/seniors-students/discussion/tuition-is-a-non-refundable-tax-credit-that-is-used-to/01/945364#M8850 TurboTaxKim 2019-10-31T11:23:03Z
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topic Turbo Tax is reducing amount of student tuition amount to transfer or carry forward when the student does not need it to decrease income - how do I stop it please? in Seniors and students
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/turbo-tax-is-reducing-amount-of-student-tuition-amount-to-transfer-or-carry-forward-when-the-student/01/945363#M8849
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Turbo Tax is reducing amount of student tuition amount to transfer or carry forward when the student does not need it to decrease income - how do I stop it please?
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/turbo-tax-is-reducing-amount-of-student-tuition-amount-to-transfer-or-carry-forward-when-the-student/01/945363#M8849
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Tuition is a "Non-Refundable Tax Credit" that is used to...
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/tuition-is-a-non-refundable-tax-credit-that-is-used-to/01/945364#M8850
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<P>Tuition is a "Non-Refundable Tax Credit" that is used to reduce any tax payable on your taxable income. It will not reduce your income &amp; TurboTax will apply the amount needed if any.&nbsp;</P><P>Unfortunately, you cannot&nbsp;<I>choose</I>&nbsp;to carry forward your tuition amounts. You must&nbsp;claim&nbsp;your tuition, education, and textbook amounts in the year they are incurred and you must claim this amount in the first year you have a tax payable.</P><P> <I>This means if you have to use any of the tuition amounts this year to reduce your tax payable, they will be applied to your return automatically by CRA, even if you attempt to carry them forward.&nbsp;</I> </P><P>TurboTax will apply the needed amount to reduce your tax payable to zero this year and carry forward any excess to future years. Then CRA will automatically apply as needed.&nbsp;If you can use all your credits in a particular tax year, you are required to do so.&nbsp;<I>You cannot spread them out over a number of years or wait to claim them.</I>&nbsp;</P>
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<pubDate>Thu, 31 Oct 2019 11:23:03 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/seniors-students/discussion/tuition-is-a-non-refundable-tax-credit-that-is-used-to/01/945364#M8850
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<dc:date>2019-10-31T11:23:03Z</dc:date>
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