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amsabeti
New Member

American Opportunity Education credit

Hi team,I know I am eligible for the American Opportunity Education Credit but for some reason Turbotax is not allowing me to claim it. Can someone help with this?
1 Best answer

Accepted Solutions
ChrisJ
New Member

American Opportunity Education credit

Here are some possible reasons you aren't eligible:

  • Your parents can claim you on their return
  • The student may not be an eligible dependent
  • Scholarships exceed the education expenses
  • There is no taxable income in your return
  • Education Savings Account exceed the education expenses
  • Qualified Tuition Program exceed the education expenses

Think you should qualify?

  1. Sign in and Continue your/take me to my return
  2. Go to Federal Taxes, then Deductions and Credits
  3. Edit/Add/Start for Expenses and Scholarships (Form 1098-T)
  4. On Your Education Expenses Summary, Add Another Student/Delete existing information

    Manually enter your education expenses and information. TurboTax will tell you if you qualify (and if not, why not)

View solution in original post

8 Replies
TaxGuyBill
Level 9

American Opportunity Education credit

Is somebody else claiming you as a dependent?
How old are you?
What is on Line 47 of your Form 1040?
cawall65
New Member

American Opportunity Education credit

1580
cawall65
New Member

American Opportunity Education credit

no one is claiming me as dependent
cawall65
New Member

American Opportunity Education credit

19 years old
cawall65
New Member

American Opportunity Education credit

No one claim me as a dependent. I'm 19 years old and the line 47 is $1580.00
costberg13
New Member

American Opportunity Education credit

I'm having the same problem.  Form 8863 and Publication 970 both state that even though you may be claimed as a dependent on your parent's return, if they do not claim an exemption for you, you may take the AOC deduction.  All other qualifications have been met.
TaxGuyBill
Level 9

American Opportunity Education credit

@costberg13   The AOC is made up of two parts.  If you are under age 24, most likely you do not qualify for the Refundable part (up to $1000).  See link below for details.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p970/ch02.html#en_US_2016_publink1000211799">https://www.irs.gov/pu...>

As for the Nonrefundable part (up to $1500), it can only offset Income Tax.  Does your tax return show Income taxes (Line 47 on Form 1040, Line 38 of Form 1040A, or Line 9 of your 1040EZ)?
ChrisJ
New Member

American Opportunity Education credit

Here are some possible reasons you aren't eligible:

  • Your parents can claim you on their return
  • The student may not be an eligible dependent
  • Scholarships exceed the education expenses
  • There is no taxable income in your return
  • Education Savings Account exceed the education expenses
  • Qualified Tuition Program exceed the education expenses

Think you should qualify?

  1. Sign in and Continue your/take me to my return
  2. Go to Federal Taxes, then Deductions and Credits
  3. Edit/Add/Start for Expenses and Scholarships (Form 1098-T)
  4. On Your Education Expenses Summary, Add Another Student/Delete existing information

    Manually enter your education expenses and information. TurboTax will tell you if you qualify (and if not, why not)
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