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The American opportunity tax credit (AOTC) 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.
The American opportunity credit allows taxpaying students or their parents the opportunity to reduce the cost of attending college. The credit typically offers greater tax savings than other education related tax benefits since it reduces the tax you owe on a dollar-for-dollar basis rather than just reducing the amount of income subject to tax.
Find the answers to the most common questions you ask about the Education Credits -- the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC).
The American Opportunity Tax Credit (AOTC) is a tax credit for qualified education expenses associated with the first four years of a student’s postsecondary education. The maximum annual credit...
Education credits like the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) can help with the cost of higher education. See if you qualify.
The American opportunity tax credit, or AOTC, is an education tax credit to offset qualified education expenses incurred by an eligible student during the first four years of higher education.
The American Opportunity Tax Credit (AOTC) is one way to help make college more affordable. For tax paying students and parents alike, the AOTC allows a maximum credit of $2,500 of the cost of qualified tuition, fees, and course materials paid during the tax year per student.
The American Opportunity Tax Credit (AOTC) is credit that’s available to reimburse money spent on eligible education expenses during the first 4 years of postsecondary education.
What is the American Opportunity Tax Credit? The American Opportunity Tax Credit is a federal tax credit that allows you to lower your tax bill by up to $2,500 if you paid that much in...
The American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) help with the cost of higher education by reducing the taxpayer's income tax liability dollar-for-dollar on their tax return for qualified education expenses paid.