Form 8863 2013-2025

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Claiming education credits on your U.S. tax return If youre a student hoping to take advantage of one of the IRS education tax credits youll have to file Form 8863 with your tax return, and there are a few things you should know before you begin. IRS Form 8863 - HR Block hrblock.com forms form-8863-update hrblock.com forms form-8863-update
General Instructions Purpose of Form. 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. 2023 Instructions for Form 8863 - IRS irs.gov pub irs-pdf i8863 irs.gov pub irs-pdf i8863
The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education.
Purpose of FormUse Form 8863-K to calculate and claim your 2022 education tuition tax credits.
Claiming the AOTC previously You can only claim the American Opportunity Tax Credit four times per student. The Hope Credit, a predecessor of the American Opportunity Credit available through 2009, will also count in the four available uses of the American Opportunity Credit.
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Unlike the prior Hope credit, which was available only for a students first two years of college, the American Opportunity Tax Credit can be claimed for the first four years of qualified post-high-school education.
To claim the full credit for tax year 2023, your modified adjusted gross income (MAGI) must be $80,000 or less ($160,000 or less if married filing jointly). Once you earn between $80,000 and $90,000 ($160,000 and $180,000 for joint returns), your credit will be gradually reduced. IRS Form 8863 What You Need to Know - EZ Tax Return eztaxreturn.com resources form-8863 eztaxreturn.com resources form-8863
You can claim the AOTC for a maximum of four tax years for each eligible student. These four years do not need to be consecutive, but they must be within the students first four years of post-secondary education.

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