topic Am I not eligible for American Opportunity Credit and Other Education Tax Credits if I loewer my AGI? in Education

Am I not eligible for American Opportunity Credit and Other Education Tax Credits if I loewer my AGI?

Dannyapp — Tue, 10 Feb 2026 10:45:21 GMT

My income is 190K this year shown in W2, I am not eligible for American Opportunity Credit and Other Education Tax Credits??? If I lower my AGI, am I eligible for the this? I have two children who went to college last year..and I have paid their tuition about $30K...

Re: Am I not eligible for American Opportunity Credit and Other Education Tax Credits if I loewer my AGI?

Bsch4477 — Mon, 26 Feb 2024 00:01:00 GMT

You would have to lower your AGI below $180,000 to get any credit.

Re: Am I not eligible for American Opportunity Credit and Other Education Tax Credits if I loewer...

DavidD66 — Mon, 26 Feb 2024 00:07:39 GMT

If your W-2 Box 1 wages are $190,000 you would have to have at least $10,000 ($30,000 to receive the full credit) in "Adjustments to Income" on Schedule 1, page 2 or Form 1040.

What are the income limits for AOTC?

To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).
You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).

MAGI for most people is the amount of adjusted gross income (AGI), shown on your tax return. If you file Form 1040, you add the following amounts to your AGI:

Foreign earned income exclusion,
Foreign housing exclusion,
Foreign housing deduction,
Exclusion of income by bona fide residents of American Samoa, or of Puerto Rico.