I have tuition credits carried over from 2021. I also have tuition credits in 2022. I do not need to use all these tuition credits to reduce tax payable to zero. The software Turbo Tax will not let me claim only a portion of these credits and carry the remainder over to 2023. What is the fix for this?
You can't transfer tuition credits which were carried over. You can only transfer tuition which weren't use to bring down your tax to zero. TurboTax calculates this amount for you.
Hi Brenda, I wasn't asking about transferring credits. I was asking about using credits carried over. Turbo Tax does not calculate the correct amount of credits to use to reduce the taxable income to zero. It uses all the carryforward credits instead.
The oldest tuition credits will always be used first and the newest unused credits will be added to the carry-forward amounts which the Canada Revenue Agency(CRA) will continue to automatically use towards your income as needed in the future years till there is no more carry-forward amount left.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
