Other Form 8863 videos on the AOTC and Lifetime Learning Credits:
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Students and their parents are generally eligible to claim either the American Opportunity Tax Credit (AOTC) or the Lifetime Learning Tax Credit via Form 8863 on their Form 1040.
In this video, I cover the American Opportunity Tax Credit and how a single filing taxpayer claims the credit on their tax return. Be sure to have your IRS Form 1098-T in front of you to verify the amount of tuition paid during the year.
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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
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Негізгі бет How to Claim the American Opportunity Tax Credit (AOTC) on Form 8863
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