I graduated undergraduate a year early in 2019, so I was able to get the AOTC credit last year because that would have been my fourth year. I only claimed AOTC once though, so would I still be eligible to claim it this year even though I'm past the four year mark but never received all four credits?
The American Opportunity credit is available if you have not completed the first four years of of higher education, but you are only allowed to claim it for a maximum of four tax years.
As you have completed your four years of credit, you are no longer eligible even if you had claimed the creidt less than four times.
To be eligible for AOTC, the student must:
Yes, you can claim the LLC if you qualify.
Who can claim the LLC?
To claim the LLC, you must meet all three of the following:
See "Who Cannot Claim an Education Credit" on our Education Credits — AOTC and LLC page.
Q, I only claimed AOTC once though, so would I still be eligible to claim it this year even though I'm past the four year mark but never received all four credits?
A. No. You had completed 4 years of post secondary education before January 1, 2021, so you are no longer eligible.
Q. Can I claim the LLC?
A. Yes
Q. I graduated undergraduate a year early in 2019. So I was able to get the AOTC credit last year (2020) because that would have been my fourth year. Correct?
A. Probably not. Receiving a degree in 2019 probably means you had completed 4 years of post secondary education before January 1, 2020, and that made you ineligible for the AOTC, for 2020.