The American Opportunity and the LifeTime Learning Credits

 

Holloway Hall

American Opportunity Credit
Determining Taxpayer Eligible to Claim the Credit

Use these questions to determine who claims the American Opportunity Credit credit on the federal income tax return, regardless of who paid the expenses.

Does the student qualify as a dependent?
Will the taxpayer claim this student as a dependent on the taxpayer's federal income tax return?
Is the taxpayer who is claiming the student married?
Is a joint federal income tax return being filed?


Does the student qualify as a dependent? 

Yes.
Proceed to the next question.
No.
The student is independent; only the student may claim the American Opportunity Credit credit.

Will the taxpayer claim this student as a dependent on the taxpayer's federal income tax return?

Yes.
Proceed to the next question.
No.
The taxpayer forfeits the right to the American Opportunity Credit if the student is not a claimed dependent.  Only the student may claim the American Opportunity Credit credit.

Is the taxpayer who is claiming the student married?

Yes.
Proceed to the next question.
No.
Only the taxpayer may claim the American Opportunity Credit credit.

Is a joint federal income tax return being filed?

Yes.
Only the taxpayer may claim the American Opportunity Credit credit.
No.
The American Opportunity Credit credit is forfeited.

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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