Federal Tax Information | Education Credits

Education Credits
Form 1098-T- Education Credits and Deductions
Education tax credits help offset higher learning expenses by reducing the tax an individual would owe the IRS and may increase their refund if they have no tax liability. Note: Neither of these credits is available if the taxpayer's filing status is ...
Form 8867 - Due Diligence for Claiming the American Opportunity Credit
For each student who qualifies for the American opportunity credit, the taxpayer may be able to claim a credit of up to $2,500 for the adjusted qualified education expenses. The credit equals 100% of the first $2,000 and 25% of the next $2,000 of ...

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