Skip to content
Home » Valentine's Day » IRS: Who can qualify for 2022 American Opportunity Tax Credit?

IRS: Who can qualify for 2022 American Opportunity Tax Credit?

With tax season here, Americans are looking for tax credits to claim in order to see the biggest refunds possible from the IRS.

student loans, which the american opportunity tax credit from the irs can help pay for

One tax credit available to a number of Americans is the American Opportunity Tax Credit.

This credit helps parents and students to afford the expenses they incur while paying for a degree.

This is for students going to school for their first four years.


IRS: Will refunds be bigger in 2022?

What is the AOTC from the IRS worth?

Students or parents of students can claim up to $2,500 for each student each year.

If this brings taxes owed down to $0, you can get 40% of what remains, not to exceed $1,000.


Don’t miss your $1,400 stimulus check from 2021

Eligibility requirements for the AOTC from the IRS?

  • Pursuing a degree from a recognized college or university
  • Must be enrolled at least half time
  • Can not have completed 4 years of school already
  • No felony drug convictions
Categories: News

Top