2015 form 8863-2025

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If you take half the course load for at least one semester or other academic period of each tax year, and your college does not consider you to have completed the first four years of college as of the beginning of the tax year, you can qualify to take the AOTC for up to four tax years.
Many students earning a postsecondary education can receive tax benefits to cover things like tuition, school fees, and other education-related expenses. Form 8863 helps students find and claim the right education credit for their situation.
This credit can help pay for undergraduate, graduate and professional degree courses including courses to acquire or improve job skills. There is no limit on the number of years you can claim the credit.
Can you claim more than one education credit this year? For each student, you can choose for any year only one of the credits. For example, if you choose to take the American Opportunity Credit for a child on your 2023 tax return, you cannot, for that same child, also claim the Lifetime Learning credit for 2024.
You can also use Form 8863 to claim the American Opportunity Credit for up to $2,500 of qualifying educational expenses. You can claim both the Lifetime Learning Credit and the American Opportunity Credit in the same tax year but not for the same student or for the same qualified expenses.
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You can see how much you have previously claimed for this credit at the bottom of Form 8863, Page 2. How Many Times Can You Claim the AOTC Credit? Each eligible student may claim the American Opportunity Education Credit for the first 4 years post secondary education.
American Opportunity Tax Credit The AOTC is worth up to $2,500. The AOTC is figured by taking the first $2,000 paid towards the students qualified educational expenses and adding 25 percent of the next $2,000 in educational expenses, up to $2,500. The AOTC is calculated per student, not per tax return.
Use Form 8863 to figure and claim your education credits, which are based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary). For 2023, there are two education credits. refundable. The lifetime learning credit, which is nonrefundable.

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