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April 3, 2021
Question

If I graduated in 2020 is there a tax break for that?

  • April 3, 2021
  • 1 reply
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1 reply

Employee
April 3, 2021

You or your parents (if they claimed you as a dependent) may be eligible for education credit. 

Hal_Al
Employee
April 3, 2021

Graduation year is usually the 5th calendar year of college.  There is a 4 time limit for claiming the most generous credit, the American Opportunity Credit.  Your parents may have already claimed it the maximum 4 times on your schooling.