Solved: Can I claim the opportunity credit more than 4 times if it takes me 8 years to finish my Bachelor's degree?

Can I claim the opportunity credit more than 4 times if it takes me 8 years to finish my Bachelor's degree?

posted

No. The American Opportunity Credit (AOC) has a 4 time limit. Period.

After you (and/or your parents) have used the AOC 4 times, you can then use the less generous Lifetime Learning Credit (LLC). There is no limit on how many times the LLC can be used.

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No. The American Opportunity Credit (AOC) has a 4 time limit. Period.

After you (and/or your parents) have used the AOC 4 times, you can then use the less generous Lifetime Learning Credit (LLC). There is no limit on how many times the LLC can be used.