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ricksox
New Member

First-time college students. Only went for the fall year of 23. Don't want to use the American Opportunity Credit because it's only for a half of year. How do you do that

 
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2 Replies
Hal_Al
Level 15

First-time college students. Only went for the fall year of 23. Don't want to use the American Opportunity Credit because it's only for a half of year. How do you do that

Before answering that question, be advised that it only takes $4000 of expenses to get the maximum $2500 ($1000 refundable) AOC credit.  Tuition, fees, books and even a computer are qualified expenses. 

The AOC is 100% of the first $2000 and 25% of the 2nd $2000.  So, only $2000 of expenses gets you a $2000 credit ($800 refundable).

 

 

Hal_Al
Level 15

First-time college students. Only went for the fall year of 23. Don't want to use the American Opportunity Credit because it's only for a half of year. How do you do that

After completing the education section, Type letme (no space between let & me) in the search box. Then press enter. Then  click  on the link "jump to letme''. 

TT will give you the option to select another tuition  credit.

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