The dollar amounts reported on your Form 1098-T may assist you in completing IRS Form 8863 – the form used for calculating the education tax credits that a taxpayer may claim as part of your tax ...

Education tax credits include the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Tax Credit (LLTC). These credits can make college more affordable, but there are income restrictions.

The American Opportunity Tax Credit lets you claim up to $2,500 on eligible education expenses, while the Lifetime Learning Credit can reduce your taxable income by up to $2,000. Compare the two ...

This form will help you figure out the amount of the education tax credit you qualify for and allow you to claim it. You will then report the education credits from Form 8863 on Schedule 3 (Form ...

There are two types of education tax credits: the American Opportunity Tax Credit (AOTC) and the lifetime learning credit. The AOTC applies to the first four years of postsecondary education, with ...

Part of the massive domestic policy bill currently moving through Congress known as the “Big Beautiful Bill,” includes an unprecedented $5 billion national school voucher program. Republicans have ...

Filers can use Form 8863—Education Credits to apply for both credits. It's important to note, however, that you can’t take more than one type of credit for the same student and the same expenses.

Key takeaways. You can claim other education tax credits with a tax-free 529 plan, but you can’t “double dip” or claim credits for education expenses paid for with 529 funds.

PHOENIX — Tucson public-education activists want Republican legislators to halt plans for a new tuition tax credit for foster and disabled children who want to attend private schools.

The Parental Choice Tax Credit Program started in December, promising parents a tax credit of up to $3,750 per student for spring tuition. Global Harvest Christian School responded by raising its ...