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jmacvt
New Member

Where do I find the phase out schedule for the American Opportunity Tax Credit and Lifetime Learning Credit?

The $180,000 limit for married filing jointly is clear but what is the phase out schedule for amounts above $180,000

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Hal_Al
Level 15

Where do I find the phase out schedule for the American Opportunity Tax Credit and Lifetime Learning Credit?

The phase out starts at $160,000. At $180,000, it's all gone and you get no part of the credit. Between 160K & 180K the partial credit calculation is shown on form 8863.

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Hal_Al
Level 15

Where do I find the phase out schedule for the American Opportunity Tax Credit and Lifetime Learning Credit?

The phase out starts at $160,000. At $180,000, it's all gone and you get no part of the credit. Between 160K & 180K the partial credit calculation is shown on form 8863.

View solution in original post

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