Being a student costs me $800 income tax refund? say wha?
So I'm going through doing my taxes with turbotax.. It's telling me I have a $864 dollar refund, then as soon as I enter my tuition credits (which I thought was supposed to help) it drops down to $18..
$18 is the amount of income tax I paid this year (i got my work not to take it off my paycheque near the beginning of the year because I knew I would not owe any in the end due to being a student) so in a way that makes sense... but it was still the amount I paid when I was going to get $800 back. the difference seems to be the Working Income Tax benefit, which is described as a tax credit, but I thought being a student was gonna do something for me tax-wise beyond costing me $800...
$18 is the amount of income tax I paid this year (i got my work not to take it off my paycheque near the beginning of the year because I knew I would not owe any in the end due to being a student) so in a way that makes sense... but it was still the amount I paid when I was going to get $800 back. the difference seems to be the Working Income Tax benefit, which is described as a tax credit, but I thought being a student was gonna do something for me tax-wise beyond costing me $800...