topic American Opportunity Credit in Deductions & credits

American Opportunity Credit

VennyToll54 — Thu, 04 Mar 2021 22:17:26 GMT

TurboTax says I do not qualify for the American Opportunity Credit. I clicked on the "why didn't I get this?" button, which came up with the following:

"Not everyone qualifies for this credit. The most common reasons why you wouldn’t qualify for the American opportunity credit are:

Your enrollment status was less than half-time
You weren't enrolled in a degree program
You're under age 24 and don't support yourself. You're claimed as a dependent on another person's tax return, like your parents
You're filing as married filing separate
Your income is more than $90,000 ($180,000 if you file a joint return)"

None of these items apply to me. Why else might I not qualify for the credit?

Re: American Opportunity Credit

SweetieJean — Fri, 12 Mar 2021 02:03:25 GMT

Are you still in your first 4 years as an undergraduate? Also see:

AOTC | Internal Revenue Service (irs.gov)

Re: American Opportunity Credit

VennyToll54 — Fri, 12 Mar 2021 04:02:36 GMT

I am not in my first 4 years of my undergraduate. I am in the 2nd year of a master's program (in an accredited degree program at an accredited university).

Re: American Opportunity Credit

DanielV01 — Fri, 12 Mar 2021 04:40:10 GMT

That's why you didn't get the American Opportunity Credit. The credit is only available for undergraduate studies. Post-graduate studies only qualify for the Lifetime Learning Credit.