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American Opportunity Credit

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?

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1 Best answer

Accepted Solutions
DanielV01
Expert Alumni

American Opportunity Credit

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.

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3 Replies

American Opportunity Credit

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

AOTC | Internal Revenue Service (irs.gov)

American Opportunity Credit

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).

DanielV01
Expert Alumni

American Opportunity Credit

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.

**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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