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I graduated college May 2017- am I entitled to a credit from American Opportunity Credit? If so , I can I amend my taxes that I already submitted?
I already completed my 2017 tax return however I did not include my credit for the American Opportunity Credit.
I graduated and received my BA in May 2017.
Am I entitled to this credit and if so how do I go about amending my current tax return,
Thank you
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After you file
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After you file
You can Amend, go through the Education section and see if you can claim these credits. Click here for specific amending instructions. 2017
HOPE or AMERICAN Credit
You need to go back through the Education section.
Education tax credits can help you with higher education costs by reducing the amount of tax you owe. There are two credits available, the American Opportunity Tax Credit and the Lifetime Learning Credit. We check both of them for you.
American Opportunity Tax Credit (AOTC)
You can use this credit for the first four years of college when working towards a degree.
- Maximum credit is $2,500 per eligible student.
- Must be enrolled at least half time for at least one semester during the tax year.
- Up to $1,000 can be refunded to you.
Lifetime Learning Credit
There is no limit on the number of years you can use this credit for undergraduate, graduate and professional degree courses, including ones to improve job skills.
- Maximum credit is $2,000 per tax return.
- Can be used when you're only taking one class.
- You don't need to be working towards a degree.
If you're not eligible for either of these credits, we'll see if you qualify for the tuition and fees deduction.
Related Information:
- Who is eligible to take the American Opportunity Tax Credit?
- What expenses qualify for the American Opportunity Tax Credit and which ones do not?
- Who is eligible for the Lifetime Learning Credit?
- What expenses qualify for the Lifetime Learning Credit?
- Can I claim my student loan?
Go to
>Deductions & Credits,
>Education,
>Expenses & Scholarships (1098T)
American Opportunity & Lifetime credits will be asked about here toward the end of the questions.
You will need to know if and for how many years you have previously received these credits.
Go through all the questions in this section.