Instructions for Form 8863 (2024) - Internal Revenue Service
8863 credit limit worksheet Use Form 8863 to figure and claim your education credits, which are based on adjusted qualified education expenses paid to an eligible educational institution (postsecondary). For 2024, there are two education credits. The American opportunity credit, part of which may be refundable. The lifetime learning credit, which is nonrefundable..credit 8863
You can’t take the American opportunity credit and the lifetime learning credit for the same student in the same year. If you complete lines 27 through 30 for this student, don’t complete line 31.fa 8863
Reminders Limits on modified adjusted gross income (MAGI). The lifetime learning credit and the American opportunity credit MAGI limits are 0,000 if you're married filing jointly (,000 if you're filing single, head of household, or qualifying surviving spouse). See Table 1 and the instructions for line 3 or line 14. Form 1098-T requirement.
