The American Opportunities Credit has two different parts.
Total Credit = $2,500
Non-Refundable Portion = $1,500
Refundable Portion = $1,000
The non-refundable portion can only be used to reduce your tax liability. You can use up to $2,500 to reduce your tax liability. If you do not the full amount toward reducing your tax liability, the amount left over, up to $1,000 can be added to any refund amount.
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