turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Oct 16 is the IRS deadline–file confidently with expert help. File Now
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sagark546
New Member

I am trying to file the tax and i get an summary stating that i am eligible for lifetime learning credits but not american opportunity credits

 
This feature is pending. Thanks for your patience.
Didn't get the answer you wanted? Would you like to view more questions that might be relevant?
1 Best answer

Accepted Solutions
Fern
New Member

I am trying to file the tax and i get an summary stating that i am eligible for lifetime learning credits but not american opportunity credits

To be eligible for the American Opportunity Tax credit, you need to meet the following requirements:

• You must be pursuing a four-year degree or other recognized credential.
• You must be enrolled as at least half time student for at least one academic period during the year.
• You can’t claim the AOTC or the former Hope credit for more than four tax years
• You cannot have a felony drug conviction on your record.

Things that can keep you from claiming the credit :

 - If you are working on a graduate degree
 - The credit begins to phase out for single taxpayers who have adjusted gross income between $80,000 and $90,000 and for joint tax filers when adjusted gross income is between $160,000 and $180,000. The credit is unavailable to taxpayers whose adjusted gross income exceeds the $90,000 and $180,000 thresholds.
- If you have already claimed the credit four times.

View solution in original post

1 Reply
Fern
New Member

I am trying to file the tax and i get an summary stating that i am eligible for lifetime learning credits but not american opportunity credits

To be eligible for the American Opportunity Tax credit, you need to meet the following requirements:

• You must be pursuing a four-year degree or other recognized credential.
• You must be enrolled as at least half time student for at least one academic period during the year.
• You can’t claim the AOTC or the former Hope credit for more than four tax years
• You cannot have a felony drug conviction on your record.

Things that can keep you from claiming the credit :

 - If you are working on a graduate degree
 - The credit begins to phase out for single taxpayers who have adjusted gross income between $80,000 and $90,000 and for joint tax filers when adjusted gross income is between $160,000 and $180,000. The credit is unavailable to taxpayers whose adjusted gross income exceeds the $90,000 and $180,000 thresholds.
- If you have already claimed the credit four times.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies
v