Hello,
I was wondering if others were having trouble with AOC eligibility and their Turbo Tax return?
I'm using the free edition of Turbo Tax and should be eligible. I received my 1098-T and entered it correctly. I've looked over several sources (irs.gov, other community posts) for the qualifications and I should be eligible.
Pulled the following from another community post:
Qualifications for claiming the American Opportunity Tax Credit are:
- You paid qualified education expenses for higher education (see Related Information below) Yes
- You paid education expenses for eligible students Myself
- The eligible student is you, your spouse, or a dependent for whom you claim an exemption Myself
- Your modified adjusted gross income is $90,000 ($180,000 if married filing jointly) or less (The credit is reduced between $80,000 and $90,000 ($160,000 and $180,000) Yes
- You must be taking courses at an eligible education institution, which is any college, university, or vocational school with a student aid program administered by the US Department of Education. Yes
You must be considered an eligible student:
- You are enrolled at least half-time in a program leading to a degree, certificate, or other recognized credential Full-time
- You had at least one academic period beginning during the year Yes
- You did not use the American Opportunity Tax Credit for more than three previous years 2 years
- You did not complete the first four years of post-secondary education before the beginning of the year Yes
You are not eligible to claim the American Opportunity Tax Credit if:
- Your filing status is Married Filing Separately Single
- Taxpayer is listed as a dependent on another person’s return No
- You and your spouse were non-resident aliens No
- You have a felony drug conviction No
