Last year I had two kids in college that I paid for. I received $2500 for each of them (for a total of $5000) with the American Opportunity Tax Credit. This year, I now have three kids in college that I pay for. I received $2500 AOTC for each of the first two kids, but then when I added the third child, it reduced the credit for each child to about $2350 each. My income is not very high and each of the kids qualify separately for the full AOTC. Can you explain why it was reduced and I didn't get the full credit. I thought I would get a tax credit of $7500 for all three kids, but it was more like $7050.
Thank you!
