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March 16, 2020
Question

I don't know how many times I've used the American opportunity credit & i don't have previous tax forms with me. What do I put?

  • March 16, 2020
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1 reply

March 16, 2020

The American Opportunity Credit can only be used for a total of four years while obtaining a degree. 

 

If you are in your fourth year, you will either need to request a transcript from the IRS to determine if you have already claimed it for four years. 

 

Instructions to request transcript of returns from IRS

 

The credit will be disallowed if you claim it beyond the four year limit.

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