Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 28, 2024 11:26:25 AM

I am filing my taxes for first time, should I carry forward tuition tax credit or transfer to my parents?

Both my parents have a tax refund for 2023 and have 0 tax obligation and 0 refunds

0 1 2581
1 Replies
Moderator
Apr 28, 2024 12:28:19 PM

If you don't need to use your tuition to reduce your taxes payable, then your tuition will automatically be carried forward.

 

If your parents are both getting tax refunds, then they can't use your tuition. It will just be lost if you transfer it to them.