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Bunt_Casket t1_j1k876f wrote

Reply to comment by _Schneebley in Is anyone taking advantage of the new Student Loan Repayment Tax Credit (SLRTC) for tax year 2022? by happyharrr

I just checked the statute (http://www.mainelegislature.org/legis/statutes/36/title36sec5217-E.html), it looks like the yearly refund max is $3,500 for people who had previously received a credit from the EOTC with a STEM degree. Anything in addition to the $2,500 yearly SLRTC cap does NOT count against the $25,000 total SLRTC cap.

Good news, kinda?

Disclaimer: I am not a lawyer or smart

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