skip navigation

Search Help
Navigation Help


Main Topics
A B C D E F G H I
J K L M N O P Q R
S T U V W X Y Z #


FAQs
Forms
Publications
Tax Topics


Comments
About Tax Map
IRS Tax Map 2008
Current IRS Tax Map

taxmap/pubs/p970-010.htm#en_us_publink1000204406

Illustrated Example(p17)


rule
spacer

Bill Pass, age 28 and a single taxpayer, enrolled full-time at a local college to earn a degree in law enforcement. This is the first year of his postsecondary education. During 2009, he paid $5,600 for his qualified 2009 tuition. He received Form 1098-T (shown below) from the college. He and the college meet all of the requirements for the American opportunity credit. Bill's MAGI is $57,000. His income tax liability, before credits, is $8,106. Bill claims no credits other than the American opportunity credit. He figures his American opportunity credit of $2,500, of which $1,000 is refundable, as shown on the Form 8863 on pages 18 and 19.
Note. In Appendix A at the end of this publication there is an example illustrating the use of Form 8863 when both the American opportunity credit and the lifetime learning credit are claimed on the same tax return.
taxmap/pubs/p970-010.htm#en_us_publink1000204408taxmap/pubs/p970-010.htm#en_us_publink1000236171
taxmap/pubs/p970-010.htm#TXMP334a7aa6
Form 8863 for Bill Pass Text DescriptionForm 8863 for Bill Pass  
.