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New Member
posted May 8, 2021 1:45:49 PM

Unused tuition and education amounts from previous years 15,392.34 Where does this number come from and am I able to use the $5000.00 maximum as a deduction as a parent?

0 2 1082
2 Replies
Level 6
May 8, 2021 2:13:02 PM

Firstly,Tuition is a non-refundable credit, not a deduction. Big difference.

Secondly, can you transfer Tuition credit from previous years to a parent?

No you cannot. Only tuition credit earned from the current tax year ( ie 2020 filing year) can be transferred .

Your carried forward tuition credit can only be used by you the taxpayer. If you cannot use it. It gets carried forward to the next tax filing year. ( ie 2021).

 

 

New Member
May 8, 2021 7:49:17 PM

Thank you