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Question

First-time college students. Only went for the fall year of 23. Don't want to use the American Opportunity Credit because it's only for a half of year. How do you do that

Forum|Forum|1 year ago
April 9, 2024
1 reply
0 views

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TurboTax Deluxe Online

Employee

Before answering that question, be advised that it only takes $4000 of expenses to get the maximum $2500 ($1000 refundable) AOC credit. Tuition, fees, books and even a computer are qualified expenses.

The AOC is 100% of the first $2000 and 25% of the 2nd $2000. So, only $2000 of expenses gets you a $2000 credit ($800 refundable).

Employee

After completing the education section, Type letme (no space between let & me) in the search box. Then press enter. Then click on the link "jump to letme''.

TT will give you the option to select another tuition credit.