Solved: Why did entering my tuition paid lower my return t...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Why did entering my tuition paid lower my return to 0?

 
1 Best answer

Accepted Solutions
Highlighted
Moderator

Why did entering my tuition paid lower my return to 0?

What may be happening is, in an effort to get you as many credits possible, TurboTax is automatically claiming the Working Income Tax Benefit. The WITB is a refundable tax credit meant to provide tax relief for low-income individuals and families already in the workforce, and to encourage other Canadians to enter the workforce. However, students are generally not eligible for this credit.

So if you tell TurboTax you had a low income, it will claim the WITB for you, and your refund will go up. But if you later add information that makes you ineligible for the WITB (ex: if you attended school full time for more than 13 weeks), you no longer qualify, and the credit will be removed from your refund.

To make sure that TurboTax knows that you don’t wish to apply for this credit:

Click “Find” and search for “Working”, then select “Working Income Tax Benefit” from the list and click on the “Go” button.

Select “No” next to the question “Do you want to see if you qualify for the Working Income Tax Benefit?”. Click the “Continue” button to save.

View solution in original post

1 Reply
Highlighted
Moderator

Why did entering my tuition paid lower my return to 0?

What may be happening is, in an effort to get you as many credits possible, TurboTax is automatically claiming the Working Income Tax Benefit. The WITB is a refundable tax credit meant to provide tax relief for low-income individuals and families already in the workforce, and to encourage other Canadians to enter the workforce. However, students are generally not eligible for this credit.

So if you tell TurboTax you had a low income, it will claim the WITB for you, and your refund will go up. But if you later add information that makes you ineligible for the WITB (ex: if you attended school full time for more than 13 weeks), you no longer qualify, and the credit will be removed from your refund.

To make sure that TurboTax knows that you don’t wish to apply for this credit:

Click “Find” and search for “Working”, then select “Working Income Tax Benefit” from the list and click on the “Go” button.

Select “No” next to the question “Do you want to see if you qualify for the Working Income Tax Benefit?”. Click the “Continue” button to save.

View solution in original post

v