Discussion:Refundable american opportunity credit

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Jump to: navigation, search

Discussion Forum Index --> Basic Tax Questions --> Refundable american opportunity credit

Discussion Forum Index --> Tax Questions --> Refundable american opportunity credit

FreedomTaxHouston (talk|edits) said:

9 February 2010
My understanding of line 15 of form 8863 is that the taxpayer must meet all 3 conditions in order not to qualify is that correct? I have a client who was 19 last year and provided all of her own support but both parents are alive (somewhere) and she is not filing a joint return. She should still qualify for the Refundable American Oppertunity Credit even though she was under 24 yrs of age, correct?

Trillium (talk|edits) said:

9 February 2010
This discussion replaces the one originally started by Andrew, since his long user name was distorting the forum index formatting. Andrew - please see the note on your talk page about switching to a shorter user ID before posting again; thanks.

Also - please see Discussion:AMERICAN OPPORTUNITY CREDIT (EDUCATION)(REFUNDABLE PORTION), which asks the same question. As a possible short-cut, I would point out that the legislation refers to "subsection (g) of section 1" for its definition of such child (a taxpayer ineligible for the refundable credit), specifically, see Sec. 1(g)(2).

R2 (talk|edits) said:

9 February 2010
The refundable credit should be available in this case if the student's earned income exceeds one-half of his support.

To join in on this discussion, you must first log in.
Personal tools