There is conflicting information about the differences between "credits" and "deductions", but I cannot find anywhere that answers my question - I'm trying to figure out if I need to "itemize" my deductions in order to get the American Opportunity Tax Credit or if I can use the "Standard Deduction" and still be eligible for receiving the AOTC?
You'll need to sign in or create an account to connect with an expert.
You do not have to itemize deductions in order to claim the American Opportunity Tax Credit. It's a credit, not a deduction. You can use the standard deduction and also claim the American Opportunity Tax Credit. This does not change in 2018. It was true before 2018, and remains true for 2018 and later.
You do not have to itemize deductions in order to claim the American Opportunity Tax Credit. It's a credit, not a deduction. You can use the standard deduction and also claim the American Opportunity Tax Credit. This does not change in 2018. It was true before 2018, and remains true for 2018 and later.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
el501
New Member
FitWit
Level 2
hansond3574
New Member
nrp13
Level 1
nrp13
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.