Question
AOTC eligibility
Hi. Can you please confirm if we are eligible to receive the American opportunity tax credit (AOTC)? My son is in his first year of college. He earned two scholarships that together covered the cost of tuition and fees in 2024. He also has the Florida Prepaid Plan that afforded him a refund for use on other non-qualifying expenses such as transportation. Does this disqualify us from claiming the AOTC even though we incurred expenses in prior years for the prepaid plan and he worked hard to earn scholarships? Thank you for your insight!
