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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 2024, there are two education credits. The American opportunity credit, part of which may be refundable. The lifetime learning credit, which is nonrefundable.
Enter the amount from line 7 of the Credit Limit Worksheet (see instructions) here and on Schedule 3 (Form 1040), line 3 . . . . . . . . . . . . . . . 19. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 25379M. Form . 8863 (2024)
2. Enter the amount from Form 8863, line 9 2. 3. Add lines 1 and 2 3. 4. Enter the amount from: Form 1040 or 1040-SR, line 18 4. 5. Enter the total of your credits from: Schedule 3 (Form 1040), lines 1 and 2, 6d and 6l 5. 6. Subtract line 5 from line 4 7. Enter the smaller of line 3 or line 6 here and on Form 8863, line 19 7. 6.
Adjusted Qualified Education Expenses Worksheet (Form 8863 instructions) 1. Total qualified education expenses paid for on behalf of the student in 2021 for the academic period . . . . . . . . . . . . . . . . . . .
Enter the amount from line 7 of the Credit Limit Worksheet (see instructions) here and on Schedule 3 (Form 1040), line 3 . . . . . . . . . . . . . . . 19. For Paperwork Reduction Act Notice, see your tax return instructions. Cat. No. 25379M. Form . 8863 (20XX)
Complete Part III for each student for whom you’re claiming either the American opportunity credit or lifetime learning credit. Use additional copies of page 2 as needed for each student. Student and Educational Institution Information. See instructions. Has the American opportunity credit been claimed for this student for any 4 prior tax years?
6 lis 2024 · IRS Form 8863, Education Credits, is the tax form that a taxpayer may use to take a tax credit for qualified education expenses they incurred during the year. This includes the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit.
