...education credit? Hello, I am amending the 2008 tax return as I had made a mistake and I am finding that if I claim the tuition deduction ($4,000) my taxable income is reduced but I still have to pay a tax and therefore the return is a portion of what I have paid. Whereas if I claim the education credit ($2,000) my tax is reduced to zero which means everything I have paid is returned. The difference is about $1,300. Is that possible? Much larger return from claiming 2,000 credit than 4,000 deduction? I double checked all my calculations.
Thanks!
Thanks!