I graduated in 2019 with BS. I am currently in school now (started 2022) getting a BA. Do I choose Yes or No for the Four years of College Credit?
*Adding this for more context*
Back in school started Fall 2022 will graduate this Fall 2025. I chose No on the Earned Four years of College before (2022, 2023) because I never claimed it before and I thought it had to do with me being claimed as a dependent years prior (also it only took me 3 years to graduate). I just want to make sure I doing it right before the IRS comes knocking on my door.
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You have completed more than 4 years of post-secondary education and you can no longer claim the AOTC. You may be eligible for the LLC.
Please read this IRS document for more information.
You have completed more than 4 years of post-secondary education and you can no longer claim the AOTC. You may be eligible for the LLC.
Please read this IRS document for more information.
Q. Do I choose Yes or No for the Four years of College Credit? Having previously received a BS means you have completed 4 years of college credit and are no longer eligible for the AOC.
A. Choose yes.
Q. I never claimed it before and I thought it had to do with me being claimed as a dependent years prior (also it only took me 3 years to graduate). Does any of that change the answer to the 4 year question?
A. No.
Q. AOC or LLC credit?
A. You are eligible for the LLC, but not the AOC.
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