Calculate the American Opportunity Tax Credit — up to $2,500 per eligible student for first 4 years of higher education. 40% refundable (up to $1,000). Phase-out: $80,000–$90,000 (single).
Enter the values for the scenario you are assessing. Calculate the American Opportunity Tax Credit — up to $2,500 per eligible student for first 4 years of higher education. 40% refundable (up to $1,000). Phase-out: $80,000–$90,000 (single). Use the aotc credit result to inform your calculation.