American Opportunity Tax Credit

Forum|Forum|6 years ago
March 17, 2020
1 reply
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Hello, I am just a bit confused about what the "first-four years" actually meant since I took a bit longer to graduate Community College with my associates and took 2 years off from school as well. I have only claimed the AOTC 2 twice. Now I am attending a four year university to obtain my bachelors in CS and I was still considered a Junior in 2019. I'm I eligible for the AOTC?

Best answer by MinhT1

You are eligible for the American Opportunity if you have not completed the first four years of post-secondary education as of the beginning of the tax year and have claimed that credit less than 4 times.

In your case, you are eligible for the AOTC as you satisfy the 2 conditions above.

There are other conditions:

To be eligible for AOTC, the student must:

Be pursuing a degree or other recognized education credential
Be enrolled at least half time for at least one academic period* beginning in the tax year
Not have finished the first four years of higher education at the beginning of the tax year
Not have claimed the AOTC or the former Hope credit for more than four tax years
Not have a felony drug conviction at the end of the tax year

MinhT1Answer

In your case, you are eligible for the AOTC as you satisfy the 2 conditions above.

There are other conditions:

To be eligible for AOTC, the student must:

Be pursuing a degree or other recognized education credential
Be enrolled at least half time for at least one academic period* beginning in the tax year
Not have finished the first four years of higher education at the beginning of the tax year
Not have claimed the AOTC or the former Hope credit for more than four tax years
Not have a felony drug conviction at the end of the tax year

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