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Level 1
Jun 1, 2019 2:03 AM UTC
Question

AOTC (American Opportunity Tax Credit)

when filing FAFSA, I was alerted that i should be eligible for an American Opportunity Tax credit based on my income. How do I file for this credit?

2 replies

Alumni - Champ
Jun 1, 2019 2:03 AM UTC
Were you under age 24 on 12/31/2016?
Level 9
Jun 1, 2019 2:03 AM UTC

TurboTax automatically checks for any education deductions or credits you may be eligible for. You may note, the IRS only lets you take one education credit or deduction. 

You may qualify for the AOTC, Lifetime Learning Credit (LLC), or the tuition and fees deduction. For more information about each, please see:

If you qualify for two or more education credits or deductions, the TurboTax Education Optimizer picks the one that gives you the biggest tax break.