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[quote=Anonymous]Up to $2500 if your income is below $80k single/$160k couple

Details here:

https://www.irs.gov/credits-deductions/individuals/american-opportunity-tax-credit

Here's the AI summary, but if you're actually filing for it, refer to the IRS official info.

American Opportunity Tax Credit (AOTC)

The AOTC is a valuable, partially refundable federal tax credit designed to help offset the costs of higher education for the first four years of postsecondary study.

Maximum Credit: Up to $2,500 annually per eligible student.

Calculation: It covers 100% of the first $2,000 in qualified expenses and 25% of the next $2,000 in expenses.

Refundability: Up to 40% of the credit (a maximum of $1,000) may be refundable, meaning you can receive money back even if you owe no taxes.

Eligibility Requirements:
The student must be pursuing a degree or other recognized education credential.

Enrolled at least half-time for at least one academic period during the tax year.

Income limitations apply: for 2025, the full credit is available for individuals with a modified adjusted gross income (MAGI) of $80,000 or less, or married couples filing jointly with a MAGI of $160,000 or less.

Qualified Expenses: Includes tuition, required enrollment fees, and course materials (books, supplies, equipment) needed for study.[/quote]

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