Question on American Opportunity Tax Credit. Our child graduated from her 4 year degree program in 2018. Can we claim the the cost of her final semester for tax credit?

[Critter · Accepted solution]

Yes BUT you can only take the AOC on 4 tax returns and the 4 year degree  spans 5 tax years ... so if you took it 4 times already you only get to take the Lifetime Learning Credit. 

school years                       tax year & credit taken

2014 - 2015   freshman      2014  AOC

2015 - 2016  sophomore    2015  AOC

2016 - 2017  junior             2016  AOC

2017 - 2018  senior            2017  AOC

                                           2018 LLC