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American Opportunity Credit

Menu Path: Deductions/Credits > Common Deductions/Credits > College Tuition (Form 1098-T)

Enter the education expenses for you, your spouse, and your dependents on the College Tuition Expenses (Form 1098-T) screens. We'll automatically calculate which education credit or deduction gives you the largest refund.

The American Opportunity Credit is a credit of up to $2,500 per student for education expenses, including course materials expenses such as books, supplies, and equipment needed for a course of study. It can be claimed each year during the first four years of college and post-secondary education.

The amount of the American Opportunity Credit is 100% of the first $2,000 of qualified expenses and 25% of the next $2,000 paid. Up to 40% of the credit (up to $1,000) can be refundable. The American Opportunity Credit is almost always the best education credit or deduction to take if you qualify for it.

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