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March 8, 2021
Question

American Opportunity Credit as relates to Five Year Degree

  • March 8, 2021
  • 1 reply
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My child is studying under a five-year degree, and five years of courses is what the school requires for this undergraduate degree. So my child can't receive a bachelor's or complete within four years. None of the course work or credits are graduate school credits.

 

We also have not claimed the American Opportunity Credit during the last three years. I've checked our returns.

 

How is the "four years" rule treated for students who could not graduate within four years?

1 reply

CatinaT1
March 8, 2021

The maximum number of years you can claim the American Opportunity Credit is for 4 years.

 

Please see the links below for the qualifications of the different Education Tax Breaks.

  

Tuition and Fees Deduction 

  

Education Credits 

 

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pupipsAuthor
March 8, 2021

Thank you very much for the reply.

 

This credit has not been claimed for four years, so unfortunately, I'm still uncertain as to whether the credit can be claimed for the past year. Thank you again for your reply.

March 8, 2021

Yes, you can claim the credit if it has not been claimed for 4 years and, you qualify for the credit.

Who is eligible to take the American Opportunity Tax Credit?

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