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Education
This statement refers to the fact that the maximum amount of educational expenses that can be applied towards the AOTC is $4000.
https://www.irs.gov/credits-deductions/individuals/aotc
If the qualified expenses minus the total amount of scholarship grants is greater than $4000, including the scholarship amount in income will not be likely to increase the resulting amount of the credit.
‎June 1, 2019
3:10 PM