Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 07-27-2010, 12:09 AM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
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.

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Six Facts About the American Opportunity Tax Credit Samatg General 1 12-31-2010 02:47 AM
American Opportunity Credit-refundable And Non Refundable geoben Tax Credit 0 03-29-2010 10:18 AM
Which taxpayers are eligible to claim the $7,500 tax credit? TaxGuru Homeowner Tax 0 01-29-2009 01:49 AM
Who is eligible to claim a Child Tax Credit in 2007? TaxGuru Tax Credit 0 03-05-2008 08:02 PM
Who is eligible to claim the Lifetime Learning Credit? katlee Tax Credit 1 01-02-2008 06:41 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.