Am I not eligible for American Opportunity Credit and Other Education Tax Credits if I loewer my AGI?

If your W-2 Box 1 wages are $190,000 you would have to have at least $10,000 ($30,000 to receive the full credit) in "Adjustments to Income" on Schedule 1, page 2 or Form 1040.  

What are the income limits for AOTC?

• To claim the full credit, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less for married filing jointly).
• You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).
• You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).

MAGI for most people is the amount of adjusted gross income (AGI), shown on your tax return. If you file Form 1040, you add the following amounts to your AGI:

• Foreign earned income exclusion,
• Foreign housing exclusion,
• Foreign housing deduction,
• Exclusion of income by bona fide residents of American Samoa, or of Puerto Rico.