I am a student would like to transfer some tuition to my spouse. I have about $9500 in tuition to claim in 2018. I am confused because my bottom line is currently a refund of $1000, but Turbotax is telling me that I have $0.00 to transfer to him. Any help would be appreciated!
You may not have any tuition to transfer to your spouse for a few different reasons. Tuition is a Non-Refundable Tax Credit that is used to reduce your tax payable and only results in a refund of any tax you may have had withheld. Tax payable is what is calculated on your income entries, not the bottom line of a refund or balance due.
You should look on your Student Summary and see how much of your tuition you used. It shows up as Amount Claimed in 2018.
You may not have any tuition to transfer to your spouse for a few different reasons. Tuition is a Non-Refundable Tax Credit that is used to reduce your tax payable and only results in a refund of any tax you may have had withheld. Tax payable is what is calculated on your income entries, not the bottom line of a refund or balance due.
You should look on your Student Summary and see how much of your tuition you used. It shows up as Amount Claimed in 2018.
I think there is a bug in the ways the software is calculating the maximum amount of my tuition I am able to transfer to my spouse. My tax refund is currently about 3,300 and when I remove my tuition entirely, I am still in a refund situation, but my tax refund is about 300$ less. However, my husband is currently sitting in a tax return situation where we would owe about 500$ and it is telling me that I have 0$ maximum to transfer. It makes no sense!
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