Description
credit 8863 IRS Form 8863 is a two page form that entitles eligible tax payers for the American Opportunity Tax Credit. The tax credit is calculated by applying 100 percent of the first ,000 in expenses plus 25 percent of the excess..
credit 8812 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.
winst debet of credit Purpose of Form 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 2022, there are two education credits.