Claiming the American Opportunity Credit (AOC)

To claim the American Opportunity Credit, follow these steps:

Access the Federal Information Section:

1. From the left-hand side menu, select Federal Information.
   
   

2. Navigate to Credits and then choose Form 8863.
   
   

Adding Educational Expenses

1. Scroll to Part III:

   • Before completing Parts I and II, scroll down to Part III on Form 8863.
     
     

   • Click the Add button to access Part III.
     
     

2. Add the Student Name:

   • Select the student’s name from the dropdown menu on Line 20.
     
     

      

• Answer the questions to ensure the requirements are met.
  
  

3. Report Education Expenses:
   Enter the education expenses on Line 27.

   • This is the most critical part of the Form 1098-T.

Important Notes

• The maximum amount for the American Opportunity Credit is $4,000, as per the IRS.