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March 25, 2021
Question

How do I submit Form 8863 for the American Opportunity and Life Time Learning Credit on Turbo Tax. There isn't an option in the Education section.

  • March 25, 2021
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Hal_Al
Employee
March 26, 2021

You don't prepare form 8863.  You enter your 1098-T and other educational info and TurboTax (TT) gives you the education credit, if you qualify.

You don't qualify if you are claimed as somebody's dependent.

 

In TurboTax (TT), enter at:

Federal Taxes Tab (Personal for H&B version)

Deductions & Credits

-Scroll down to:

--Education

  --Education Expenses

 

 

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, even if you don't qualify as a dependent, 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. 

You cannot claim that credit if you are, or can be, claimed as a dependent by someone else.

 

 

If you are eligible, you have answered  something wrong, in the interview. But, a lot of people are just not eligible. See https://www.irs.gov/Individuals/AOTC

https://www.irs.gov/newsroom/american-opportunity-tax-credit-questions-and-answers

 https://www.irs.gov/individuals/llc

https://www.irs.gov/pub/irs-pdf/f8917.pdf