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Deductions & credits
If you have 1,000 on line 29 on your 1040, you received the full American Opportunity Tax Credit.
There is nothing more for you to do or apply for.
The amount of expenses the credit is based on is not the same as that amount of the credit. You got the full credit.
The American Opportunity Tax Credit would be the same for a taxpayer with 4,000 expenses as it is for a taxpayer with 15,000 of expenses.
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March 28, 2022
5:05 AM