2024 Form 8863 - Internal Revenue Service

5(1336)

8863 credit limit worksheet 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..

credit 8863 You can’t take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, don’t complete line 31.

8863 credit limit worksheet Discover how to complete IRS Form 8863 for education credits and maximize your tax savings with easy step-by-step help.