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January 31, 2024
Question

Income tax w/disability checks as income but College full time

  • January 31, 2024
  • 1 reply
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I am getting Checks for Disability but going to school full time starting 2023.Can I apply for the AOTC.I did get a loan and recieved my 1098T.

1 reply

Hal_Al
Employee
January 31, 2024

Q. Can I get the AOTC?

A. Yes. $1000 of the $2500 maximum AOTC is refundable. The other $1500 can only be used to reduce an actual tax liability. Tuition paid for with loans counts.  You must be a half time, or more, undergrad, over age 23 (or an orphan or Married) who cannot be claimed as a dependent.  Collecting disability is not a disqualifier.