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Do you have to pay back american opportunity credit?

 
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Heather14
New Member

Do you have to pay back american opportunity credit?

No, you do not have to pay back the American Opportunity Credit. The American Opportunity Tax Credit is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you.


For more information please see the following IRS link: https://www.irs.gov/Individuals/AOTC

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