Q. I graduated college in August 2023, am I still able to claim an education credit?
A. Simple answer: yes.
Be aware that there is a 4 time limit for claiming the more generous American Opportunity Credit (AOC or AOTC). Since graduation year is usually the 5th calendar/tax year for being in school, chances are that you (or your parents, if you were their dependent) have already claimed the AOC the maximum 4 times on your undergrad education. But, you would still be eligible for the less generous Lifetime Learning Credit (LLC). There is no limit on how many times the LLC can be claimed. Generally, the AOC is not available to grad students (there is a slight exception).
