American Opportunity Credit: Additional Question

Scenario:  If you have a taxpayer under age 24 and not claimed as a dependent on another return and are claiming the American Opportunity Credit, as you answer the qualifying questions, you will see the last question below. This is used to calculate whether the taxpayer receives the refundable portion of AOC or if all of the credit will be nonrefundable.

 

Blog Posted 02/28/2017       6:24 AM EST

 

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