Education credits

Forum|Forum|4 years ago
February 12, 2022
1 reply
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I pay my daughter's tuition every year. Last year I got more than $2000 credit for each of them. This year I got $471 only for each of them. This is the American education credit. Did I do something wrong? Off course my income was higher this year for about $11000. Did I do something wrong? Or, this is right?

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ColeenD3

There are income limits for the AOC. If this does not apply, double-check your entries.

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).