Can I receive the American Oppurtunity Credit if my parents paid for my school but cannot claim me as a dependent and i received a 1098-T from my university?
Can I receive the American Oppurtunity Credit if my parents paid for my school but cannot claim me as a dependent and i received a 1098-T from my university?
There's a new urban myth among college students that says they can get a $1000 from the government just for filing a tax form. For most of them, they simply aren't eligible. A full time unmarried student, under age 24, is only eligible for the refundable portion of the American Opportunity Credit if he supports himself by working. You cannot be supporting yourself on parental support, 529 plans or student loans & grants. You usually must have actually paid tuition, not had it paid by scholarships & grants. It is usually best if the parent claims that credit.
I paid for more than half of my own support. I started college in fall of 2015 and graduated in May of 2019, in June I moved out of my house and started a full time job.... my salary was around 40k