Hal_Al
Level 15

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.