American Opportunity Credit Credit
Determining Student Eligibility
For tax year 2012
As of January 1, 2012, had the student completed the first 4
years of post secondary education?
Was the student enrolled in a degree or
certificate program at Salisbury University during the Spring or
Fall 2012
sessions?
Was the student enrolled in at least 6 credits in
either the Spring or the Fall sessions?
Has the student been convicted of a state or federal
felony offense for distribution or possession of a controlled
substance?
Is the taxpayer or the student claiming a
Hope Scholarship or Life Time
Learning Credit (LLC)?
Was a withdrawal made from a Coverdell ESA (formerly called
education IRA)?
Was this withdrawal claimed as income on either the student's or
taxpayer's federal income tax return?
As of January 1, 2012, had the student completed
the first 4 years of post
secondary education?
Yes.
The student is not eligible for the
American Opportunity Credit, but he/she may be eligible for the Life Time
Learning Credit.
No.
Proceed to the next question.
Was the student enrolled in a degree
or certificate program at Salisbury University during the Spring or Fall 2012 sessions?
Yes.
Proceed to the next question.
No.
The student is not eligible for the American Opportunity
Credit
Credit, but he/she may be eligible for the Life Time
Learning Credit.
Was the student enrolled in at least
6 credits in either the Spring or the Fall sessions?
Yes.
Proceed to the next question.
No.
The student is not eligible for the American Opportunity
Credit
Credit, but he/she may be eligible for the Life Time
Learning Credit.
Has the student
been convicted of a state or federal felony offense for
distribution or possession of a controlled substance?
Yes.
The student is not eligible for the American Opportunity
Credit
Credit, but he/she may be eligible for the Life Time
Learning Credit.
No.
Proceed to the next question.
Is the taxpayer or
the student claiming a Hope
Scholarship or Life Time Learning Credit (LLC)?
Yes.
The student is not eligible for the American Opportunity
Credit Credit, since another credit
is already
being claimed.
No.
Proceed to the next question.
Was a withdrawal made
from a Coverdell ESA (formerly called education IRA) ?
Yes.
Proceed to the next question.
No.
The student is eligible for the American Opportunity
Credit Credit.
Was this withdrawal claimed as income on either the
student's or taxpayer's income tax return?
Yes.
The student is eligible for the American Opportunity
Credit Credit.
No.
The student is not eligible to claim the American
Opportunity Credit or the Life Time Learning Credit for
education expenses paid by funds withdrawn from the
Coverdell ESA.
Salisbury University is providing this information as a service to its
students, but please keep in mind it is not an authority on taxation.
Therefore, the University is not responsible for any misrepresentation of
the IRS regulations. You should consult a tax advisor to determine if you
qualify for the credit or for any other related questions.
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