in Education
I am a fulltime student, and didn't work at all in 2024. Can I still get the The American Opportunity credit (AOTC)? I went through the TT steps and it says I cant get it. Not sure why? I did get the credit the last 3 years, but I worked part-time.
You'll need to sign in or create an account to connect with an expert.
A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.
You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.
Reference: Line 7 instructions for form 8863.
https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674
You might not qualify for the refundable part of the credit. If so, since you had no tax liability the credit would have no effect on your return.
A full time unmarried student, under age 24, even if you don't qualify as a dependent, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. It is usually best if the parent claims that credit.
You cannot claim the (up to) $1000 refundable credit if you are, or can be, claimed as a dependent by someone else.
Reference: Line 7 instructions for form 8863.
https://www.irs.gov/instructions/i8863#en_US_2024_publink53002gd0e674
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
charlotte-a-hickey
New Member
in Education
Isaiah99
New Member
in Education
Censingroom99
Level 1
in Education
Crawford28
Returning Member
aiWATERS
New Member
in Education