Re: If I earned two Associates Degrees in 3 years, how do I complete the Credit for Educational O...

If I earned two Associates Degrees in 3 years, how do I complete the Credit for Educational Opportunity for consolidated loans in this situation?

This is my return for the State of Maine. I have entered both Degrees, but they both ask for payments towards the loans. I split the total of the consolidated loans where it asks how much was for this degree. Do I do the same for the monthly payments, or ???

posted

Were both degrees earned from a Maine college?

Were you a full-year resident in 2019?

Yes, since you are applying for the credit twice, one for each degree, you would enter only the numbers applicable for that degree, and you should be doing hat twice, once for each degree earned.

Click here for the Maine Educational Opportunity Tax Credit

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