How to File IRS Form 8863 for American Opportunity Tax Credit for 2022
An individual taxpayer who spends money on higher education may be eligible for the American Opportunity Tax Credit (AOTC). This example covers the eligibility, calculation, and reporting of AOTC on IRS Form 8863.
How to File IRS Form 8863 for the American Opportunity Tax Credit (AOTC)
The American Opportunity Credit is a federal tax credit that helps taxpayers reduce their federal tax liability for money spent on higher education. This article and video covers how to complete Form 8863.