Use Form 8863 to figure and claim your education credits, which are based on qualified education expenses paid to an eligible postsecondary educational institution.
You can use the American Opportunity Tax Credit (AOTC) 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 at an eligible educational institution
- Up to $1,000 can be refunded to you
Education Credits
When you report the 1098-T form and enter the education expenses in the education section, TurboTax will automatically generate form 8863.
To report form 1098-T:
- Login to your return.
- Select Federal from the left menu.
- Go to Deductions and Credits.
- Scroll down to Education.
- Click start next to Expenses and Scholarships (Form 1098-T)
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