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lisasemi
New Member

When I file my 2018 tax return, will I have to itemize in order to get the American Opportunity Tax Credit that I will qualify for?

 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?

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rjs
Level 15
Level 15

When I file my 2018 tax return, will I have to itemize in order to get the American Opportunity Tax Credit that I will qualify for?

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.

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2 Replies
rjs
Level 15
Level 15

When I file my 2018 tax return, will I have to itemize in order to get the American Opportunity Tax Credit that I will qualify for?

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.

Critter
Level 15

When I file my 2018 tax return, will I have to itemize in order to get the American Opportunity Tax Credit that I will qualify for?

Now the real question is are you eligible for the AOC ?   If you are under the age of 24 and are not self supporting via earned income like wages or self employment then you are really a dependent of your parent and they are the ones who can take the AOC and your personal exemption... not you.
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