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smoskowit
New Member

Does a cpa reveiw course qualify for the american opportunity tax credit

 
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MinhT
Expert Alumni

Does a cpa reveiw course qualify for the american opportunity tax credit

No, a CPA review course does not qualify for the American Opportunity Tax credit.

To be eligible for the AOTC, the student must:

  • Be pursuing a degree or other recognized education credential
  • Be enrolled at least half time for at least one academic period* beginning in the tax year
  • Not have finished the first four years of higher education at the beginning of the tax year
  • Not have claimed the AOTC or the former Hope credit for more than four tax years
  • Not have a felony drug conviction at the end of the tax year

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7 Replies
MinhT
Expert Alumni

Does a cpa reveiw course qualify for the american opportunity tax credit

No, a CPA review course does not qualify for the American Opportunity Tax credit.

To be eligible for the AOTC, the student must:

  • Be pursuing a degree or other recognized education credential
  • Be enrolled at least half time for at least one academic period* beginning in the tax year
  • Not have finished the first four years of higher education at the beginning of the tax year
  • Not have claimed the AOTC or the former Hope credit for more than four tax years
  • Not have a felony drug conviction at the end of the tax year

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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smoskowit
New Member

Does a cpa reveiw course qualify for the american opportunity tax credit

Thanks for the answer but which of these criteria am I missing.
MinhT
Expert Alumni

Does a cpa reveiw course qualify for the american opportunity tax credit

At least the first one, and possibly the second one.
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smoskowit
New Member

Does a cpa reveiw course qualify for the american opportunity tax credit

I was enrolled in a qualified institution during the year and received a BA in business
MinhT
Expert Alumni

Does a cpa reveiw course qualify for the american opportunity tax credit

If you otherwise satisfy the requirements for the AOTC, then you can claim it. Just being in a CPA review course does not make you eligible for the AOTC, which was the question you asked.
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smoskowit
New Member

Does a cpa reveiw course qualify for the american opportunity tax credit

Thanks a lot, I appreciate your time.
MinhT
Expert Alumni

Does a cpa reveiw course qualify for the american opportunity tax credit

You're welcome!
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