This video helps answer: Am I Eligible to Claim an Education Credit? If the AOC or LLC credit reduces your tax to less than zero, you may get a refund. These two education credits available: the American opportunity tax credit (AOTC) and the lifetime learning credit (LLC). Don’t overlook these important credits as tax credits are typically better than tax deductions.
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IRS Explains Education Credits--AOTC and LLC
IRS EDUCATION TAX CREDIT INFORMATION
AMERICAN OPPORTUNITY CREDIT
LIFETIME LEARNING CREDIT
FORM 8863 Education Credits (American Opportunity and Lifetime Learning Credits)
SCHEDULE 3 (FORM 1040)
FORM 1040
IRS INFORMATION ON DEPENDENTS
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By: JJ THE CPA
Title: $2,500 College Educational Tuition Tax Credit American Opportunity Credit vs Life Learning Credit
Sourced From: www.youtube.com/watch?v=wAelACluqwA
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