See IRS Publication 970 for more information about education credits.
To enter your education expenses and qualifications, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Deductions & Credits.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Education drop-down.
Click Add beside Expenses & Scholarships.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Education drop-down, then click Student Worksheet (tuition, scholarships).
Click Add Student Information.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click the Education drop-down, then click Student Worksheet (tuition, scholarships).
Click Add beside New Copy of Federal Student Information.
Complete the rest of the interview process.
TaxAct will generally determine which education benefit is most advantageous for you based on the data entered on your return (such as income, filing status, amount of qualified expenses, etc.). You can review or modify the tax treatment of the education expenses to see how the refund or amount owed may change between the American opportunity credit, lifetime learning credit, or tuition and fees deduction (prior years only). Follow the steps below to review the selections.
Online
Dashboard
From within your TaxAct return, click Resources.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Under My Return, click Federal Search.
Click the Education drop-down, then click Education credit summary.
Select Click here in the statement near the bottom.
Toggle the benefit and click Continue to see the impact.
You can always change it back to Auto, if needed.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Education drop-down, then click Education credit summary.
Select Click here in the statement near the bottom.
Toggle the benefit and click Continue to see the impact.
You can always change it back to Auto, if needed.
Desktop
From within your TaxAct return, click Federal.
Click the Education drop-down, then click Education credit summary.
Select Click here in the statement near the bottom.
Toggle the benefit and click Continue to see the impact.
You can always change it back to Auto, if needed.
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