This year I received the American Opportunity Credit, after reviewing and changing some things I then received the Lifetime Learning Credit. Can someone explain this?

Forum|Forum|4 years ago
March 23, 2022
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I am single and this is my first time filing my taxes. From the articles, it seems like the Lifetime Learning credit is for people who are getting an education outside their 4 years. I received Hope scholarship all 4 years of college and it did not ask me about that originally. Now that I had gone back to review it then asked me about Hope and that is when it changed to LifeTime Learning Credit instead of the American Opportunity Credit.

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Vanessa A

The Hope credit was "replaced" by the American Opportunity Credit. You can only claim the AOTC or Hope credit for the first 4 years of higher education. Since you received the Hope Credit for 4 years of higher education already, you are now only eligible for the Lifetime Learning Credit.

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