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There is no correction required. While the maximum American Opportunity Tax Credit (AOTC) is $2,500 only $1,000 of the credit is refundable. The other $1,500 is subtracted from your taxable income.
For more information, please see What Is the Difference Between a Refundable and a Nonrefundable Credit?
There is no correction required. While the maximum American Opportunity Tax Credit (AOTC) is $2,500 only $1,000 of the credit is refundable. The other $1,500 is subtracted from your taxable income.
For more information, please see What Is the Difference Between a Refundable and a Nonrefundable Credit?
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