re: Tuition tax deduction carries over?
Hey everyone,
I started doing taxes for my parents last year mainly just copying what our accountant was doing the previous years as nothing has changed, but unfortunately I started going to post secondary and forgot to transfer over my tuition tax deductions over to my parents. Do they carry forward to future years so I can transfer any remaining deductions from previous years for my parents? Do I have to use them for myself? Thanks.
I started doing taxes for my parents last year mainly just copying what our accountant was doing the previous years as nothing has changed, but unfortunately I started going to post secondary and forgot to transfer over my tuition tax deductions over to my parents. Do they carry forward to future years so I can transfer any remaining deductions from previous years for my parents? Do I have to use them for myself? Thanks.