Discussion:Refundable american opportunity credit
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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? | |
| 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). | |
| 9 February 2010 | |
| The refundable credit should be available in this case if the student's earned income exceeds one-half of his support. | |
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