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A few questions about taxes and T2202A

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  • Feb 27th, 2017 6:50 pm
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Feb 26th, 2017 6:41 pm
IHavocI [OP]
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Feb 26th, 2017 6:41 pm

A few questions about taxes and T2202A

I am using Turbotax to fill out my 2016 taxes. I just have a few questions.

I entered: 2 T4s (2 casual jobs) and unused tuition and education amounts from prior years. This gives me $1.1k return.

Just recently, I got my T2202A from school and when I enter that, my return drops to $136.

Why is there a significant decrease when I enter my T2202A? I thought tuition and education amounts generally increase your tax return, not the other way around.

Also, do I have to enter my T2202A? Is there a process when not entering your T2202A?

Thanks in advance.
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Feb 26th, 2017 7:13 pm
ml88888888
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Jan 19, 2017
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Feb 26th, 2017 7:13 pm

meelad92 wrote: ↑ I am using Turbotax to fill out my 2016 taxes. I just have a few questions.

I entered: 2 T4s (2 casual jobs) and unused tuition and education amounts from prior years. This gives me $1.1k return.

Just recently, I got my T2202A from school and when I enter that, my return drops to $136.

Why is there a significant decrease when I enter my T2202A? I thought tuition and education amounts generally increase your tax return, not the other way around.

Also, do I have to enter my T2202A? Is there a process when not entering your T2202A?

Thanks in advance.
Did you have the 'Working Income Tax Benefit' (i.e. line 453) payment before you entered the T2202A?
Feb 26th, 2017 7:29 pm
IHavocI [OP]
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Feb 26th, 2017 7:29 pm

ml88888888 wrote: ↑ Did you have the 'Working Income Tax Benefit' (i.e. line 453) payment before you entered the T2202A?
I don't think so. I am not too sure though. I know I did not apply for the Working Income Tax Benefit .
Feb 26th, 2017 7:45 pm
sr79
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Aug 17, 2008
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Quebec

Feb 26th, 2017 7:45 pm

meelad92 wrote: ↑ I don't think so. I am not too sure though. I know I did not apply for the Working Income Tax Benefit .
Why dont you compare the returns with or without the t2202, you will see where the difference is. Id bet on working tax benefit too.
Feb 26th, 2017 10:35 pm
primetimey
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Nov 6, 2013
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Feb 26th, 2017 10:35 pm

You probably didn't check off that you were a student. If you are working, and poor as heck with only two casual jobs you get a hefty benefit. Since you are a student you don't get the benefit.
Feb 26th, 2017 10:59 pm
IHavocI [OP]
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Feb 26th, 2017 10:59 pm

It was the WITB. When I using Turbotax it automatically applied me for the benefit and then when I entered my school info it took me off.

Appreciate the help everybody.
Feb 27th, 2017 6:50 pm
ml88888888
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Jan 19, 2017
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Feb 27th, 2017 6:50 pm

meelad92 wrote: ↑ It was the WITB. When I using Turbotax it automatically applied me for the benefit and then when I entered my school info it took me off.

Appreciate the help everybody.
I use Studiotax and it asks me to confirm I am not a student before giving me the WITB.
+1

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