![]() You may be able to claim an education credit if you, your spouse, or a dependent you claim on your tax return was a student enrolled at or attending an eligible educational institution and received a 1098-T form. This means you can claim the American Opportunity Credit for one student and the Lifetime Learning Credit for another student in the same year. ![]() If you pay qualified education expenses for more than one student in the same year, you can choose to take the American Opportunity and the Lifetime Learning credits on a per-student, per-year basis. Based on the information in your return, our program will recommend the better of the two education credits.If you are eligible to claim the American Opportunity Credit and you are also eligible to claim the Lifetime Learning Credit for the same student in the same year, you can choose to claim either credit, but not both. For example, if you choose to take the American Opportunity Credit for a child on your 2021 tax return, you cannot, for that same child, also claim the Lifetime Learning credit for 2022. The Lifetime Learning Credit, which is nonrefundable.Ĭan you claim more than one education credit this year?įor each student, you can choose for any year only one of the credits.The American Opportunity Credit, part of which may be refundable.Use Form 8863 to figure and claim your education credits, which are based on qualified education expenses paid to an eligible postsecondary educational institution.
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