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To determine what education benefits you received,
There is one line item for the tuition and fees deduction, one line item for the education credits, and one line item for the American Opportunity credit.
Keep in mind that the tuition and fees deduction reduces your taxable income. The education credits will reduce your tax liability. The American Opportunity credit is a partially refundable credit so this can have a bigger impact on your actual refund.
To determine what education benefits you received,
There is one line item for the tuition and fees deduction, one line item for the education credits, and one line item for the American Opportunity credit.
Keep in mind that the tuition and fees deduction reduces your taxable income. The education credits will reduce your tax liability. The American Opportunity credit is a partially refundable credit so this can have a bigger impact on your actual refund.
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