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Education
Q. Shouldn't I also get the other $1000 credit?
A. Yes, you're just looking in the wrong place.
The American Opportunity Credit (AOC) comes in two pieces; $1500 (max) on line 20 of form 1040 (via Schedule 2) and $1000 on line 29. Both pieces transfer from form 8863.
The 2nd piece is on a different line, because it's refundable. The $1500 piece isn't. It can only be used against an actual tax liability.
‎April 2, 2023
2:38 PM