2024 Form 8863 - Internal Revenue Service

5(1946)

8863 credit limit worksheet Enter the amount from: Form 1040 or 1040-SR, line 18 Enter the total of your credits from: Schedule 3 (Form 1040), lines 1 and 2, 6d and 6l Subtract line 5 from line 4 Enter the smaller of line 3 or line 6 here and on Form 8863, line 19.

8863 credit limit worksheet 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.

credit 8863 Reminders Limits on modified adjusted gross income (MAGI). The lifetime learning credit and the American opportunity credit MAGI limits are 0,000 if you're married filing jointly (,000 if you're filing single, head of household, or qualifying surviving spouse). See Table 1 and the instructions for line 3 or line 14. Form 1098-T requirement.