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ACA credit surprise with other credits
Old 04-06-2018, 01:37 PM   #1
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ACA credit surprise with other credits

Was working on my taxes and was having a bit of a problem with my son's college credit... got that worked out so went to the ACA credit...

The question came up... did anybody else have to file a tax return... well, yes... son made money and also got a few thousand in scholarships... so he has to pay some tax.... so I have to put his income down to figure out ACA credit... come to find out that I got too much....

Here is where the funny part comes in.... I was paid an excess and that shows up as me owing taxes.... but that then triggered that I also get education credits that I did not qualify for since I did not owe any taxes!!!!

Yes, one credit I have to pay back but it triggers a different credit I would not have gotten without this....

A bit strange IMO...

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Old 04-07-2018, 07:11 AM   #2
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Got to love the Tax Code!!

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Old 04-07-2018, 08:05 AM   #3
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Yep, I get the same thing with the child tax credit.
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