Check your entry to make sure you entered the 1098-T Tuition form correctly.
- Check how many years you've already taken the American Education Credit. If you were ever claimed as a dependent and the person claiming you claimed the credit, that counts as you having received it.
- If part of your $3,000 tuition amount was paid by a scholarship, the scholarship amount may reduce your credit.
The American Opportunity credit amount is equal to:
- 100% of the first $2,000 of qualified expenses, plus
- 25% of the expenses in excess of $2,000.
- The maximum annual credit per student is $2,500.
A student eligible for the American Opportunity tax credit:
- The credit is only available for the first four years of post-secondary education (undergrad).
- Enrolls in at least one academic semester during the applicable tax year.
- Maintains at least half-time status in a program leading to a degree or other credential.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
