Federal Tuition Transfer amount won't enter full value on parents return. Daughter's return calculated to $2,550.82. Will only accept $1679.73 as max value on parents.
Federal Tuition Transfer amount won't enter full value on parents return. Daughter's return calculated to $2,550.82. Will only accept $1679.73 as max value on parents.
How much does the parent need to reduce their tax payable to zero? Anything above that will not be used. The tuition transfer credit is non-refundable, so it can only reduce taxes owing, it can't create a refund.
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