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If your parents claimed the American Opportunity Credit on your educational expenses for 2 years, you can either claim the credit for 2 more possible years or until you finish your undergraduate work and start graduate school whichever occurs first.
Each year the credit is claimed, the credit is applied to you even if your parents get the tax benefits.
If your parents claimed the American Opportunity Credit on your educational expenses for 2 years, you can either claim the credit for 2 more possible years or until you finish your undergraduate work and start graduate school whichever occurs first.
Each year the credit is claimed, the credit is applied to you even if your parents get the tax benefits.
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