Where can i use my AOTC?

[Pauhnsn]

In 2015, I claimed myself while my dad claimed me. I have just amended it last week and is waiting to file 2018’s tax return. I just want to ask, since I am qualified for AOTC this year, will it take care of how much I owe from 2015’s tax return if I wait for ammendment process to finish before I file? Or will I have to pay it out of pocket?

It said that AOTC will pay my tax liabilities and I want to know if what I owe from the amendment will be considered.

[MargaretL]

Your 2018 tax refund will not take care of the 2015 amendment liability because those tax returns will be processed separately and within two different timeframes. It takes about 16 weeks (sometimes longer) from the day the IRS receives your amended return for it to be processed. Your 2018 tax refund will come much sooner. 

I recommend that you file 2018 now and when the refund comes, file 2015 amendment with the payment.