Is the Tuition and Fees Deduction available for 2019 tax returns?
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Yes it is. Your tax software should have been updated.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR -
It is also now available for 2018 returns. However, that form is not in my 2018 software, so it won't calculate the 1040X correctly. Question: do we amend 2018 on 1040X or actually take it on the 2019 1040, using separate forms for each year? I have been unable to find any clarification. The instructions say to use the new form (Rev. 1/20) for 2018, 2019, or 2020 qualifying expenses. I would assume we would amend 2018 for those expenses paid in that year.Last edited by Burke; 02-26-2020, 04:02 PM.Comment
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That is my understanding as well.I would assume we would amend 2018 for those expenses paid in that year.
I already have my work cut out after tax season for 1040X work related to this and residential energy credits.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDRComment
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Right. I will just have to calculate the tax manually for 2018. Same client also qualified for 2019 but let her child file and claim himself! (Is there an icon for head-slap?) So amended returns all around!!
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My software has been updating 2018 forms for the new law. Check with your software to see when the new 2018 forms will be available to amend.Comment
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Interesting. According to recent news from ATX (2/26) it says IRS contemplates having updates for 2018 Extender forms by 4/15/20.Comment
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