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how much education credit can we get?

We had 3 kids in college last year and the year before. We got $7500 education credit in the previous filing but got $0 for this year. Could you please advise why? Thank you 

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Accepted Solutions
MayaD
Employee Tax Expert

how much education credit can we get?

I can't tell why you didn't receive the credit without being able to see your return.

 However, there is no credit given if your MAGI is above $90,000 ($180,000 if you’re filing jointly).

Also, an eligible student is defined as a student who:

  • Is enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential.
  • Had at least one academic period beginning during the year.
  • Didn't claim the American Opportunity Tax Credit for more than three previous years.
  • Didn't complete the first four years of post-secondary education before the beginning of the year.

For more information please check: Who is eligible to take the American Opportunity Tax Credit?

   IRS.gov

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1 Reply
MayaD
Employee Tax Expert

how much education credit can we get?

I can't tell why you didn't receive the credit without being able to see your return.

 However, there is no credit given if your MAGI is above $90,000 ($180,000 if you’re filing jointly).

Also, an eligible student is defined as a student who:

  • Is enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential.
  • Had at least one academic period beginning during the year.
  • Didn't claim the American Opportunity Tax Credit for more than three previous years.
  • Didn't complete the first four years of post-secondary education before the beginning of the year.

For more information please check: Who is eligible to take the American Opportunity Tax Credit?

   IRS.gov

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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