snackexchanger t1_j0r5366 wrote
Reply to comment by carmicdy in Is anyone taking advantage of the new Student Loan Repayment Tax Credit (SLRTC) for tax year 2022? by happyharrr
Looks like the big changes are
- They simplified the eligibility so the credit is not dependent on graduation year
- They DRASTICALLY decreased the credit amount (used to be $4,000+/year for a bachelors degree and now it’s $2,500)
carmicdy t1_j0rc06t wrote
And still not refundable unless it's a STEM degree?
happyharrr OP t1_j0rzh7o wrote
carmicdy t1_j0rzmoz wrote
Interesting, missed that. So half the amount but refundable. I didn't claim it last year since my state tax burden was zero. Makes sense this year.
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