Question: How is the amount of an education credit determined?
The amount of an education credit is based on the following:
- The amount of qualified tuition and related expenses you paid for each eligible student in the taxable year, and
- The amount of your modified adjusted gross income for the taxable year.
The amount of qualified tuition and related expenses used to figure an education credit for each eligible student is subject to a ceiling.
You must use Form 8863 (PDF), Education Credits (American Opportunity and Lifetime Learning Credits), to figure and claim an education credit.
- Instructions for Form 8863 (.pdf), Education Credits (American Opportunity and Lifetime Learning Credits)
- Publication 970, Tax Benefits for Education
Category: Child Care Credit, Other Credits
Subcategory: Education Credits