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Old 07-27-2010, 12:09 AM
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Which taxpayers are eligible to claim the American Opportunity Credit?

In order for a taxpayer to be able qualify to claim the American Opportunity Credit, the IRS has established that the taxpayer must meet the following four requirements as follows;
  1. The taxpayer must pay the qualified education expenses of higher education.
  2. The taxayer must pay the education expenses for an eligible student.
  3. The eligible student could be either the taxpayer, his or her spouse or a dependent (for whom the taxpayer claimed as a dependent exemption on taxpayers tax return).
  4. The taxpayer chooses not to claim the Hope Tax Credit for any student in the tax year.

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