Why does Turbo Tax say we aren't eligible for the American Opportunity Tax Credit?

michaelluley — Sat, 01 Jun 2019 20:08:06 GMT

my husband and I file jointly and have 2 sons in college working on undergraduate degrees. WE meet all criteria for the American Opportunity Tax Credit but Turbo Tax says we aren't eligible for 2018. Why?

How many years have you received the American Opportunity...

gypsy50129 — Sat, 01 Jun 2019 20:08:08 GMT

How many years have you received the American Opportunity Tax Credit for each of your sons? I received the same surprise recently, and realized that you can only receive the AOTC for 4 tax years for any one student. An undergraduate degree goes into the 5th calendar year.

After you've exhausted those 4 years, you can then apply for the Lifetime Learning Credit.

topic Why does Turbo Tax say we aren't eligible for the American Opportunity Tax Credit? in Deductions & credits

Why does Turbo Tax say we aren't eligible for the American Opportunity Tax Credit?

How many years have you received the American Opportunity...