Skip to main content
Level 2
February 4, 2025

Parental Choice Tax Credit reported on 1099G

  • February 4, 2025
  • 1 reply
  • 5 views

Do we enter the 1099-G for the Parental Choice Tax Credit from OTC on screen 14.2?  I entered it there but it is being treated as if it were a state income tax refund.

    1 reply

    BobKamman
    Level 15
    February 4, 2025

    For those of us not in Oklahoma, this is a refundable credit available in that state.  It's exempt from state tax, but I'm not aware of any federal exclusion.  "The Parental Choice Tax Credit program provides a refundable income tax credit of $5,000-$7,500 for eligible Oklahoma Taxpayers who pay, or expect to pay, qualified expenses such as tuition and fees to an eligible private school on behalf of an eligible student that attends or plans to attend an eligible private school during that tax year."

    I'm not sure what program you are using, is "screen 14.2" a Lacerte thing? 

    rebeccalAuthor
    Level 2
    February 5, 2025

    Bob,

    Yes, screen 14.2 is for the Lacerte program.    (sorry I didn't clarify!)  It is where I normally enter state tax refunds & unemployment benefits.