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April 2, 2024
Question

Education Credit

  • April 2, 2024
  • 2 replies
  • 0 views

Has the Hope Scholarship Credit or American Opportunity Credit been claimed for this student for any 4 prior tax years?

So, I had claimed the AOC last year on my 2022 returns. I graduated in the summer '23 and was a full-time student. Do I select 'yes' or 'no'? I would assume 'no' since I only claimed it for 1 year (2022). 

    2 replies

    Employee
    April 2, 2024

    If you were claimed as a dependent on a parents' return in any earlier years you should check with them too and see if they used the AOTC for you on a return---since their use of it for you "counts" toward those four times.   As long as it has not been used a total of four times you are good to answer NO.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    April 2, 2024

    How far back does this date to? The last time I was in college or university before I returned in 2022 was 2013-2016.

    Employee
    April 2, 2024

    It goes all the way back to whenever you were in college before.   The AOTC can be used a total of four times for a specific student---so that is why some folks need to check with others who may have claimed them as dependents and who may have used the credit on their tax return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    CatinaT1
    April 2, 2024

    Correct. You can claim the credit for a total of 4 tax years, but they do not need to be consecutive years. If you have only claimed the credit one time, you would say no.

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