TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Why American Opportunity Credit for two children in college calculates different amounts?

Forum|Forum|5 years ago
April 6, 2021
1 reply
0 views

For one child it's 2,500.00 for the other 1,214.00

TurboTax Deluxe Online

Employee

The AOTC is 100% of the first $2000 of tuition and 25% of the 2nd $2000. So, a maximum of $2500 per student.

It is only 40% refundable. The most likely explanation is that you only had a tax liability of $1714 (line 18 of form 1040). The non refundable portion of the AOTC will be shown on line 20 of form 1040 (transferred from line 3 of Schedule 3 and form 8863). The $2000 refundable portion ($1000 per student) will be shown on line 29 of form 1040.