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You may carry-over only that portion of the credit that you do not apply to tax. You cannot carry-over any amount that you paid that was more than the amount allowed as a credit. For example: During 2005, John, a single person, paid $400 to School A for extra curricular activity fees for Johns child. For 2005, John is allowed a credit of $200. Johns 2005 tax is $100. John may carry-over $100 of the unused $200 credit to 2006. John cannot claim any credit for the $200 fee he paid that was more than the allowable credit ($400 minus allowable credit of $200).
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