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February 2, 2021
Question

This is my 5th year as a full-time college student. I have only claimed the AOC 1 year. I have not completed my bachelor's degree. Am I still eligible for this credit?

  • February 2, 2021
  • 1 reply
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Turbo Tax told me I was eligible, but I just want to make sure, since this is my 5th year attending school but I have not yet completed my bachelor's degree.

1 reply

KathrynG3
February 2, 2021

Yes, you are still eligible because you have not completed the first 4 years of postsecondary education. In other words, if you have not yet completed coursework totaling 4 years of academic credit and therefore received a bachelor's degree.

 

For more details, see page 18 of 2020 IRS Publication 970 Tax Benefits for Education